Sycamore.NG is a Nigerian fintech startup founded in 2018, headquartered in Ikeja G.R.A., Lagos, with the mission of empowering individuals and businesses through fast, tech-driven financial solutions.
The company began modestly «from our CEO’s bedroom» and has grown into a platform offering loans, savings, investments, and multi-currency wallets for Nigerians and SMEs.
Sycamore has made significant progress: it has disbursed over ₦22 billion in loans, now serves more than 300,000 users, and has raised local debt funding to scale its operations.
One of Sycamore’s major milestones came in 2025 when it secured a fund/portfolio manager licence from the Securities and Exchange Commission (Nigeria) (SEC), enabling it to expand from lending into asset-management and investment-services, including stocks, bonds and multi-currency instruments.
This transition marks its ambition to become a full-service digital finance brand that bridges borrowing, saving and investing under one platform.
Sycamore also stands out for its funding strategy: rather than broad equity raises, it has turned to local-currency debt to grow its loan book while preserving founder equity, a strategy that reflects deep understanding of Nigeria’s economic environment.
The company also earned recognition by winning the Nigeria Sovereign Investment Authority Prize for Innovation (NPI 2.0) in 2024.
Discover more from moi awards
Subscribe to get the latest posts sent to your email.
