Over the course of the last 18 months, Zedvance Finance Limited has been pleased to announce the distribution of loans totalling more than $90 million to Nigerians.
This achievement exemplifies the company’s dedication to fulfilling its mission of making accessible and forward-thinking financial products available throughout Nigeria.
In 2014, Zedvance made its debut in the market for consumer financing, and over the course of the subsequent years, the firm has solidified its position as a reliable provider of various financial solutions.
The company has been able to effectively disburse over 2,000,000 loans since its beginning, establishing a strong footing in the industry thanks to its rigorous credit scoring system and digital delivery platform.
Zedvance is beginning a major strategic expansion to strengthen its leadership in retail lending while also going into impact-driven finance for enterprises.
This move is being made in light of the company’s previous achievements. This expansion will be fueled by a re-aligned staff, creative digital distributors, strategic partnerships, increased process efficiency, and a focus on delivering an excellent experience for the company’s customers and clients.
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Remarks from Zedvance executives
Mr. Ever Obi, Managing Director of Zedvance Finance, commented on the expansion ambitions of the company as follows: “We are expanding our product offerings and delivery channels to unlock demand from additional market segments and lay a solid foundation for outsized future growth.”
Mr. Adedayo Amzat, CFA, Chairman of the Board, reaffirmed the company’s vision when he said, “We are re-defining our essence and signalling our ambition to become the leading Fintech Lender in Nigeria.”
This statement was made in reference to the company’s vision. The execution of Zedvance Finance Limited’s strategy and the acceleration of its growth will be supported, among other critical success factors, by a staff that is empowered, execution that is focused, effective risk management, and digital innovation.
The execution of Zedvance Finance Limited’s strategy and the acceleration of their growth will be supported, among other critical success factors, by a staff that is empowered, execution that is focused, effective risk management, and digital innovation.
Zedvance FinanceLimited is committed to attaining “a future redefined” because it is a member of the Zedcrest Group, which is a new-age financial powerhouse that was named by the Financial Times as Africa’s fastest growing Financial Services Company.
This future will focus on the company’s development into the premier technology retail finance platform in Nigeria, serving both consumers and enterprises. Because of this shift, the company will place an even greater emphasis on its digital channels, giving its consumers improved access to payment, credit, and commercial opportunities.
More about Zedvance Finance Limited
Individuals and companies in Nigeria can turn to Zedvance Finance Limited for creative and easily accessible financial solutions. Zedvance Finance Limited is the top non-bank retail lender in Nigeria. The leadership team of Zedvance has a combined total of over 150 years of professional experience, making it one of the most experienced in the industry.
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More updates on Zedvance
Late in 2022, Zedvance was awarded the status of having complied with the Nigeria Data Protection Regulation in accordance with its regulatory standards. This status was awarded for the company’s continued adherence to its regulatory policies.
The National Data Protection Regulation (NDPR) framework was brought into existence by the National Information Technology Development Agency (NITDA) with the intention of protecting the rights of natural persons to data privacy, promoting safe practises for transactions involving the exchange of personal data, and preventing the manipulation of personal data.
In addition, the purpose of the guideline is to ensure that Nigerian companies continue to be competitive in international trade while simultaneously working within an equitable legal and regulatory framework for the protection of personal data.
Ever Obi, the Managing Director of Zedvance Finance Limited, made the following statement in response to the company maintaining its compliance status: “We are pleased to have expanded the scope of our pre-existing compliance with the NDPR audit compliance status. Our customers trust in our ability to handle their sensitive information while offering them tailor-made financial solutions within the global best practice.”
The CEO of Zedvance was quoted, “We believe it’s critical that we go beyond simply declaring our commitment to privacy — we are continually looking for ways to demonstrate that commitment. Retaining the NDPR compliance status is another validation of our commitment to our customers.”
For data controllers and processors to be able to obtain and process data in accordance with the law, the Regulation imposes a number of responsibilities on both groups. Understanding not only the policies, contracts, and legal obligations of a firm is required for compliance with data protection regulations. In addition to this, you will need to have an awareness of the information technology, security, auditing, and operational system utilised by the organisation.
Lukmon Oloyede, Head of Product Marketing & Brand Communication at Zedvance Finance, further noted that Zedvance had offered access to personal and business loans to millions of Nigerians through digital lending channels ever since it began operations in 2014. Zedvance began its company in 2014 and has been in operation ever since.
“New and existing customers of Zedvance can access quick and convenient loans of up to N5 million within 3–5 hours through its self-service digital channels like web app – www.zedvance.com, MoneyPal app (available on Google Play Store and iOS App Store), USSD *5858#, WhatsApp, by chatting with Zee on 09095017151, and/or calling the Customer Service Centre phone number 07001001000,” he said.
