Credit Series I

Short-Duration
Private Credit

Non-dilutive capital for revenue-generating African technology companies.

Nigeria • Lagos • London

$4.1B
African tech capital raised
Debt now ~41% of flows, up from 17% in 2019
7.0%
Target return per 90-day cycle
Flat, net to investor. No management fee.
90
Day facility tenor
Monthly covenant testing. Continuous re-underwriting.
$25K
Minimum commitment
Maximum USD 100,000. Qualified investors only.

01 — The Opportunity

A Structural Arbitrage

Post-Series A African technology companies generating between $1M and $10M in annual revenue are structurally excluded from institutional debt. Commercial banks require collateral they cannot provide. Development finance institutions deploy above $5M with approval cycles measured in quarters. Equity is dilutive and, at this stage, expensive.

These companies will pay a premium for short-duration capital that preserves their cap table. Credit Series I is structured to harvest that premium through a disciplined, controlled, short-tenor credit programme.

01

Demand is real and priced

Our target cohort accepts 9–10% per 90 days because alternatives are either unavailable or materially more expensive.

02

Equity preservation is the engine

At $1M–$10M revenue, dilutive bridges carry down-round risk and convertible terms that transfer long-term upside away from operators.

03

Short duration converts risk into optionality

90-day tenor means monthly covenant testing, rapid capital recovery, and continuous reassessment of borrower quality.

04 — Programme

Programme Terms

Credit Series I — summary terms

Programme

Target size₦1.5B (~USD 1M equivalent)
DeploymentRolling — deploy at ₦375M (~USD 250K) tranches
Tenor90 days per facility
Target facilities~7, diversified across sector and geography
Concentration cap20% single-borrower maximum
CurrencyNGN (USD accepted at commitment FX)
CustodyIndependent nominee trust
Investment CommitteeManaging Partner + Venture Partner
ReportingMonthly updates; full report at maturity
JurisdictionFederal Republic of Nigeria

Investor

Minimum commitmentUSD 25,000
Maximum commitmentUSD 100,000
Return7.0% per 90-day cycle (flat, net to investor)
Management feeNone. Charged to investor pool: nil.
GP compensationSpread between borrower rate and investor coupon, plus borrower-paid origination
DistributionAt series maturity
RedemptionNo early redemption
TransferabilityNot transferable
EligibilityQualified investors only
GP co-investment₦10M on identical terms
7.0%per 90-day cycle, flat. No management fee. GP earns the spread — alignment by structure, not by intention.

04 — Risk Architecture

Four Layers of Protection

Between the investor and the borrower.

Layer 01

Underwriting

12+ months verified revenue. 1.4× DSCR floor. 20–30% revenue stress test. IC-approved under 16-dimension framework.

Layer 02

Controlled Collection

Nominee custody. Paystack auto-sweep on borrower revenue. Daily monitoring with 15% variance trigger.

Layer 03

Diversification

~7 facilities across sectors and geographies. 20% single-borrower concentration cap.

Layer 04

Short Tenor

90-day facility tenors. Monthly covenant testing. Short duration limits loss-given-default.

06 — Invest

How to Invest

From invitation to monitoring.

01

Access

Invitation-only programme. Complete KYC and eligibility review before acceptance.

02

Subscribe

Complete subscription agreement. Your portal login is created upon acceptance.

03

Fund

Transfer commitment to the independent nominee trust account.

04

Monitor

Monthly portfolio updates and on-demand investor portal access.

05 — Governance

Team & Investment Committee

TO

Tolulope Omoleye-Osindero

Founder & Managing Partner · IC Chair

Sixteen years originating, structuring and negotiating secured credit and cross-border debt across Africa and EMEA. Over $150M in aggregate transaction volume as lead counsel. Transaction experience with IFC, Lendable, First Abu Dhabi Bank, HSBC, Standard Chartered, Google, Branch International and Cellulant. Former Head of Legal and Compliance at Branch International. EMEA Project Finance Deal of the Year 2015. EMBA London Business School; MSc Law & Finance University of London.

AO

Adedayo Odulate

Venture Partner

OA

Olabanjo Alawode

Associate

FMVA-certified · UNITAR alumnus in Scaling Climate Finance

Governance

Unanimous IC approval required for every facility before disbursement. Additional independent member to be onboarded ahead of first deployment.

First-Close Preparation

Credit Series I is now open to qualified investors.

To request subscription documents or a structured walkthrough, complete KYC below. Our team will respond within 48 hours.

Capital at risk. Returns are targets, not guarantees. Not a deposit product. For qualified investors only.