Sycamore has fully transitioned from a digital lender to a group operating three regulated financial services businesses.
In 2025, the Lagos-headquartered group generated about $5 million in revenue and processed $73 million (₦100 billion). It also manages $36 million (₦50 billion) in assets while serving over 400,000 customers (individuals and SMEs) across various Nigerian states and countries.
The Microfinance bank is the final piece of a structure the company has been assembling since it secured a Securities and Exchange Commission (SEC) licence for asset management in March 2025.
“When we started Sycamore, lending was the entry point, but the plan was always to build a financial services company that could serve a customer across their entire financial life. The Securities and Exchange Commission (SEC) licence gave us the asset management capability, and now our microfinance bank provides the banking infrastructure. For the first time, a customer can borrow, invest, save, and transact within one group that we fully operate,” said Babatunde Akin-Moses, Sycamore Group CEO.
Sycamore group now comprises three entities offering products like salary loans, business financing, investments, asset portfolios, and multi-currency wallets.
First, Sycamore Integrated Solutions Limited (SISL), the flagship consumer lending business, which is approved by the FCCPC as a Digital Money Lender. It was the first Nigerian fintech to secure this status in 2022. This entity continues to hold multiple State Money Lender licences while restructuring to become the parent company, renamed Sycamore Capital Group.
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Last updated: May 19, 2026
