By Dayo Johnson

CapitalSage Technology Limited, a Nigerian fintech group, has launched a new board to boost governance across its financial services businesses in Africa and beyond.

The new board is expected to accelerate the company’s growth, according to Founder and Group Managing Director, John Alamu.

Alamu while speaking during the inauguration of the new Board, which was attended by senior executives and directors across the Group, said the board “is expected to accelerate the company’s growth across Africa and global markets.

CapitalSage is known for building and operation of technology platforms spanning payments, remittances, digital banking, credit, and investment services, serving both businesses and consumers

Alamu, described the induction as a transition to a more formalised governance structure aligned with the scale and complexity of its operations.

He said as CapitalSage grows, “it continues to focus on addressing core infrastructure and operational challenges with an emphasis on reliability, scalability, and performance.”

Alamu explained that the board induction, marked a transition to a more formalised governance structure aligned with the scale and complexity of its operations.

According to him, “The new structure introduces a Group-level holding Board alongside subsidiary Boards across its key business verticals- payments infrastructure, banking, credit and investments, and international operations.

“This framework is designed to enhance oversight, improve decision-making, and reinforce accountability across the organisation.”

“From its origins in grassroots lending, CapitalSage has evolved into an integrated financial services platform.

“Its ecosystem now includes structured credit through CreditAssist, digital banking via Kolomoni, asset and capital markets through Regius, and payments infrastructure through Ercas.

“We started with a simple conviction—that people should have access to functional financial systems.”

The Chairman of the Board, Samsudeen Opeyemi Oduwole, in his remarks said “this marks an important evolution in how we govern the Group.

Oduwole added that “As the business scales in size and complexity, stronger oversight and clearer accountability become essential.”

Dr. Yemisi Shittu, Executive Director, Corporate Services, explained that “What we are building today is an institution designed for longevity, grounded in governance and performance.”

Shittu added that “The Board induction reflects a broader transition from infrastructure development to performance optimisation, following years of investment in licensing, systems, and product development.

“The Group is now focused on revenue growth, market expansion, and deepening institutional partnerships. This phase requires structure.

“Strong governance enables execution, strengthens systems, and ensures we scale with purpose.”

According to Shittu, the appointment of a Group Chief Executive Officer in 2025 further reinforces this direction.

“Under Nath Ude, the Group is sharpening its focus on disciplined execution across its core businesses while maintaining strong regulatory alignment.

Dr. Shittu emphasised that the governance model, reflects practices common in leading financial institutions, where subsidiary Boards enable faster decision-making while maintaining strong oversight across complex operations.

“CapitalSage remains focused on building scalable financial institutions capable of operating seamlessly across markets while delivering consistent value to customers, partners, and shareholders.”

In his address, Nath Ude said “We are moving from building to performance.Our focus is on translating strategy into execution—and execution into measurable results.”

The Board members are expected to play active role in supporting business development, strengthening partnerships, and enhancing regulatory engagement as the Group expands into new markets.

With the mission to expand access to credit and financial markets while building systems that perform reliably at scale, the Group operates across Nigeria, broader African markets, and the UAE, with activities spanning credit, digital banking, asset management, capital markets and payments.