SEL Capital expands, eyes Merchant Banking licence

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SEL Capital Limited has expanded its operations to provide more funding and financial advisory services to Small and Medium Enterprises (SMEs) and investment advice to High Net-worth Individuals (HNIs).

Segun Opaleye, managing director/CEO, SEL Capital Limited, says the expansion plan will enable the company translate to a merchant bank within the next three years.

Speaking during the opening of the new company’s head office in Victoria Island, Lagos, he states no nation can thrive without giving needed policy and financial backing to SMEs.
He says the company, which aspires to be the gateway and catalyst for mobilising capital for business growth and development across Africa, opened the new office to enable it reach out to more customers.

According to Opaleye, SEL Capital provides advisory services to SMEs on building a growth company, funding opportunities, expansion and structure for easy access to capital.
“We take so much time in guiding SMEs through key requirements to run a proper business. The issue around SMEs that impact negatively on their ability to access funding is poor corporate governance practices and we are helping them to resolve that by creating business-enabling structure for their businesses,” he says.

The company also provides investment advisory services to HNIs, who already understand some of the market dynamics but needed guidance to make better investment decisions.

On the expansion plan, he says the company started operation last year from its office at Parkview Estate, Ikoyi, Lagos, adding that the new head office is within its plan for a bigger and befitting space to get it ready for business.

“The whole idea is to increase our clientele base. We have also in the short period, been very instrumental in capital raising for key clients and secured funding projects in key growth sector of the … Read More...