Nigeria’s investment firm, Obelix, raises N100m for SMEs

A crowdfunding Intermediary, Obelix, has raised N100 million from 9,324 registered small-ticket retail investors in the country.

The company confirmed the development in a statement sent to Ripples Nigeria on Wednesday.

Obelix, a subsidiary of Alternative Finance Limited, said the fund would be invested into three promising pre-selected Small and Medium Enterprises (SMEs) in Nigeria.