Raiz Finance Opens New Office for Cross-Border Payments

Raiz Finance, a finance firm specializing in trade payment infrastructure in Africa, has launched a new office at the ASPMDA Trade Fair Complex located along the Lagos-Badagry Expressway. This strategic location aims to provide cross-border payment services directly to importers and traders who frequent this significant automotive spare parts hub.

The new office, situated at Zone DR1, Nnewi Building, complements Raiz Finance’s main office at 13, Thorburn Street, Yaba. The firm has established a reputation among Nigerian importers and traders for facilitating quick and transparent payments to suppliers abroad.

To celebrate the opening, Raiz Finance plans a market activation event in early September to engage with traders and demonstrate their platform. CEO Segun Oyedele emphasized that the company seeks to be a partner in traders' success, offering support throughout the entire trading process, from vendor sourcing to goods clearance, rather than merely acting as a payment system.