How much did Sycamore raise in its Debt Financing?

$5.1M, announced on 6 May 2026.

Funding roundDebt Financing

Sycamore Debt Financing

Sycamore raised $5.1M in a Debt Financing. It was announced on 6 May 2026.

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4 sourcesSource: SLA Funding IndexHow we verify →

Amount raised: $5.1M; NGN 6.9B in local currency
Announced: 06 May 2026; 5 months ago

About this round

Purpose: To expand Sycamore’s loan book and provide working capital to Nigerian SMEs. The deal highlights a shift where “governance-first” fintechs are successfully bypassing equity dilution by tapping the formal debt capital markets.

Sources for this round4

blog.sycamore.ngWe Put Out a ₦3 Billion Commercial Paper. Investors Closed it out at ₦6.89 Billion
businessday.ngSycamore’s commercial paper offer closes at N6.89bn, oversubscribed by 230%
linkedin.comTechparley Africa’s Post
dailytrust.comSycamore’s N3bn commercial paper offer closes at N6.89bn

Frequently asked about Sycamore's Debt Financing

How much did Sycamore raise in its Debt Financing?: $5.1M, announced on 6 May 2026.