Vale Finance Limited has recorded 10,000% growth in customer placements, rising from ₦100 million in 2022 to more than ₦10 billion within four years, while lifetime transaction value nears ₦ 1 trillion as the company continues to scale its digital financial services platform ahead of its fifth anniversary.
The growth in placements has been accompanied by a significant increase in activity across the platform. Annual transaction value rose from ₦ 13 billion+ in 2022 to over ₦200 billion as of Q3 2026, demonstrating the increasing scale of activity generated by customers and businesses using Vale.
Vale achieved this growth through a disciplined approach to venture building without any venture capital funding in a market where some better-funded businesses have gone bankrupt.
Beyond the growth in placements and transaction activity, Vale has built a customer base of more than 150,000 users and disbursed about ₦100 billion in loans.
The company has also expanded its financial services offering across savings, investments, lending and business banking, broadening the ways customers and businesses can manage, grow and access finance through the platform.
The launch of its business banking platform further expanded Vale’s role in the economy, enabling the company to support SMEs and businesses with access to finance and other business-focused financial solutions.
Through its credit financing, including working capital, asset financing and LPO financing, Vale has funded businesses across supply chain, agribusiness, logistics, oil and gas, and energy, providing capital to support day-to-day operations, business expansion and economic activity across critical sectors.
This growth reflects a broader evolution in Vale’s business. What began as a savings and investment app is developing into a more…
Source link
Read Full Article by NM Partners at nairametrics.com
Source link
