Sage Grey pledges to expand financial access for SMEs
Financial institution Sage Grey Finance Limited and its sister company, Sage Grey Technologies, have recommitted to the provision of impact-driven solutions for businesses.
This commitment was made at a press briefing held in Lagos on Tuesday, where executives from the companies detailed their ongoing efforts to expand financial access for small and medium-scale enterprises, drive technological advancements, and contribute to sustainable economic development through solutions aligned with sustainable development goals and ESG frameworks.
According to the UN, SDG 8 focuses on the promotion of sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Speaking on the company’s mission, Executive Director of Sage Grey Finance, Mr Adejumo Atiba, said, “At Sage Grey Finance, we believe in the transformative power of impact financing. Our unique position in Nigeria’s financial ecosystem allows us to unlock opportunities that generate both financial returns and meaningful social impact.
“As a licensed and regulated entity by the Central Bank of Nigeria, we seamlessly blend profitability with social impact.
Our integration into the Nigeria Inter-Bank Settlement System ensures we deliver secure, efficient financial services, setting us apart. Our journey is rooted in empowering businesses, fostering sustainable development, and creating enduring value for our stakeholders and communities.”
Atiba maintained that the company is deepening partnerships to enhance access to finance and drive financial inclusion by funding SMEs at competitive rates.
“In collaboration with the Bank of Industry, Sage Grey Finance offers a tailored SME funding scheme that enables small businesses to access financing at a highly competitive nine per cent interest rate. Supporting small business owners through a partnership with the National Association of Small and Medium Enterprises to facilitate direct engagement with entrepreneurs, ensuring that financing solutions reach those who need them most and improving access to capital to underserved groups such as women and youth by providing dedicated financial products designed to foster economic empowerment,” he said.
Further creating impact through innovation, Sage Grey Technologies is driving digital transformation by introducing digital solutions that improve business efficiency and accessibility.
Chief Operating Officer of Sage Grey Technologies, Mr Yemi Jinadu, added, “We are committed to building technology solutions that not only enhance business operations but also create social impact. Our goal is to bridge efficiency gaps in Nigeria’s digital ecosystem while ensuring that businesses and individuals benefit from technology-driven opportunities.”
Sage Grey Finance revealed that its impact-driven approach extends beyond finance and technology, with a strong emphasis on corporate social responsibility.
“The company has committed to monthly CSR initiatives that address education, environmental sustainability, and community welfare through partnerships with various institutions and NGOs. Most notably, we have had recent engagements with the University of Lagos and government agencies such as LAWMA,” a statement from the firm concluded.
Sage Grey Finance is a regulated financial institution with a proven track record and international expertise, committed to creating sustainable value through its lending, fund management and strategic advisory services. In March 2021, the company obtained its licence to operate as a finance company, marking a significant milestone in its growth.
