AC Nardo Finance Limited and financial technology firm Insolify have announced a N10 billion technology partnership aimed at supporting digital lending operations and expanding lending infrastructure in Nigeria.
According to a statement issued by the companies, the partnership has processed more than 100,000 loan and investment requests within four months and facilitated over N1 billion in loan disbursements across the Federal Capital Territory, Lagos, Nasarawa, Benue and Kaduna states.
The companies said the initiative is focused on strengthening backend infrastructure used in lending operations rather than expanding direct customer services.
Industry analyst Paul Adeluyi said increasing demand for digital credit has led financial institutions to invest more in systems that manage lending processes and operational capacity.
He noted that areas such as customer onboarding, credit assessment, verification, compliance, fraud monitoring and loan recovery have become more important as transaction volumes increase.
According to Adeluyi, the platform developed under the partnership is designed to automate parts of lending operations while maintaining oversight mechanisms.
The companies stated that since its launch in February, the platform has been used to support application assessment and loan processing through automated tools and operational monitoring.
They added that the infrastructure was developed to handle higher transaction volumes as operations expand.
AC Nardo Finance Limited said it currently provides lending services to civil servants under the Integrated Payroll and Personnel Information System (IPPIS), private sector employees and small and medium-sized enterprises.
The company said the partnership is intended to support operational expansion into additional locations.
Insolify said its contribution to the initiative includes software systems used for customer management, lending operations and portfolio monitoring.
Technology analyst Lawal Muhammed said recent developments in financial technology increasingly reflect investment in operational systems that support lending decisions and internal processes.
He added that the long-term impact of such investments would depend on implementation outcomes and adoption levels.
The companies did not provide further details on the structure of the investment or timelines for wider expansion.
