Wire · operational-macro
Cascador and Sterling Bank Launch $200 Million Fund to Expand SME Lending in Nigeria
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Fusion42 · 15 October 2026 · Fusion42 review
Cascador and Sterling Bank have launched a $200 million SME Credit Backstop Fund in Nigeria to encourage larger and longer-term loans to SMEs by sharing credit risk with lenders. The fund aims to support up to $1 billion in outstanding credit capacity and improve access to local-currency financing for Nigerian businesses.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You gain a clearer path to scale lending in Nigerian SME markets as risk-sharing partnerships unlock funding beyond traditional bank hesitations. This new fund removes the barrier blocking bigger loans and longer tenors, opening your fintech or SME finance business to deeper wallets and credit capacity.
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1 source · 15 Oct 2026
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