BAS Group targets Nigeria’s $236 billion credit gap with Zuvy acquisition
- BAS Group acquired a majority stake in Zuvy Technologies, gaining operational control.
- All institutional investors in Zuvy were bought out as part of the acquisition.
- Zuvy provides invoice-backed credit to vendors, allowing early payment on invoices.
The acquisition of Zuvy Technologies by BAS Group represents a significant move in addressing the financing challenges faced by SMEs in Nigeria. By leveraging Zuvy's innovative invoice discounting model, BAS Group can enhance its financial offerings and potentially drive growth in a market that is currently underserved. This strategic partnership could serve as a model for other investment firms looking to tap into similar opportunities in emerging markets.
