Afrity: Unlocking Capital Systems to Power Nigeria’s Next Economy

July 7, 2023

3 minutes read

Nexpath Raises

In Nigeria’s pursuit of economic inclusion and productivity-led growth, one challenge continues to echo across boardrooms, policy papers, and street-side businesses: funding access. For too long, small and mid-sized enterprises, the backbone of employment and GDP have been held back by fragmented financial systems that neither understand their realities nor support their aspirations. Afrity is changing that.

Co-founded by Nigerian entrepreneur Olabomi Adigun, Afrity is a financial infrastructure company reshaping how SMEs across the country access capital, build credibility, and scale responsibly. The company’s tools and frameworks are designed not just for the balance sheets of investors, but for the practical needs of everyday Nigerian businesses that operate in unpredictable markets yet fuel the nation’s economic engine.

Rather than approach finance from a purely transactional lens, the company builds long-term investment readiness. Its platform enables SMEs to assess growth maturity, organize financial records, and access non-traditional funding that fits their structure. From high-growth startups to informal retailers, the company adapts to different levels of formality without compromising on structure or transparency.

By embedding risk profiling, behavioral analytics, and sector diagnostics into the platform, the company helps funders; including banks, development finance institutions, and private equity firms make better decisions about where to place capital. This improves national capital efficiency, especially in underserved regions where traditional models have failed to scale.

The ripple effect is measurable: the company reduces funding rejection rates, boosts formal documentation among informal businesses, and increases the number of fundable enterprises in Nigeria’s most economically active segments. It creates a clearer pipeline from idea to capital, from capital to growth, and from growth to impact.

More than a fintech solution, the company is part of the country’s broader infrastructure narrative. As Nigeria leans into entrepreneurship as a national economic driver, the company offers the tools to ensure that ambition is not wasted, providing business owners with the technical confidence and financial readiness to attract local and international capital.

Development agencies, policy task forces, and ecosystem builders are now referencing the company’s frameworks in SME support programs. Several state-backed entrepreneurship hubs have adopted its diagnostic tools for enterprise screening and funding evaluation.

His leadership reflects a growing class of Nigerian entrepreneurs building quietly but intentionally at the systems level. His work with the company doesn’t just mirror national priorities, it informs and accelerates them. It demonstrates that meaningful innovation in finance doesn’t always lie in disruption, but in constructing durable, scalable systems that align with the country’s economic realities.

In a nation where over 39 million SMEs are waiting for the right bridge to sustainable growth, the company is not just a product of innovation. It is an infrastructure of possibility.

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