Sycamore’s X account has been compromised

Nigerian fintech Sycamore, which offers loans and investment products to individuals and small businesses, said on April 30 that its official X account had been taken over by an unauthorized party.

“We’re aware that our X account (@SycamoreNG) has been compromised, and we’re actively working to regain full control,” the company said in a statement posted across its other channels. It told users to “disregard any suspicious activity from the account, including recent posts, links, or messages.”

The company did not say how the account was accessed, what posts were made from it, or whether any users were affected.

Founded in 2019 by Babatunde Akin-Moses, Onyinye Okonji, and Mayowa Adeosun, Sycamore serves 300,000 users through its peer-to-peer lending platform and disbursed over $5.5 million in loans in 2024. It manages roughly ₦10 billion in assets and secured a fund manager licence from Nigeria’s Securities and Exchange Commission earlier last year, expanding from lending into asset management.

Sycamore is not the first Nigerian fintech to lose control of its social media presence. In April 2022, OPay’s verified Twitter account was compromised and used to promote a cloned website that directed NFT owners to a fake platform.

Last updated: April 30, 2026