OnePipe, the company led by Ope Adeoye, negotiated and secured a line of credit nearly two years after raising $3.5 million in equity. He thus concluded his first loan agreement worth $4.8 million with the British private equity firm TLG Capital. An amount that will be used to finance stocks of small businesses in the informal sector in Nigeria.

OnePipe is a fintech founded in 2018 in Nigeria and committed to providing financial services to small and medium-sized enterprises (SMEs) in the informal sector. The credit line signed with the British private equity firm TLG Capital will allow it to finance stocks in small stores, through consumer goods distributors, OnePipe partners. Indeed, TLG Capital executed this agreement through its Africa Growth Impact Fund (Agif). It operates mainly in sub-Saharan Africa.

Isaac Marshall, investor at TLG Capital, said he was thrilled to be OnePipe's first debt partner. “We think they pioneered a model that can bring inventory finance to tens of millions of micro-businesses in Nigeria,” he said. OnePipe plans to develop its inventory finance activities for the benefit of small informal businesses.