Lagos, Nigeria – Sage Grey Technologies Limited (www.sagegreytech.com), a leading technology provider that creates impact by developing and deploying practical and sustainable solutions across various sectors, marked a significant milestone in its journey with the launch of Tradeplus, an innovative online marketplace, alongside the grand opening of its state-of-the-art Isolo Facility, and the introduction of a groundbreaking Vendor Loan Scheme. The highly anticipated event, held on July 31, 2024, showcased the company’s commitment to fostering economic development and technological innovation in Nigeria.

Mr. Temitope Runsewe, Chairman of Sage Grey Technologies Limited, expressed his enthusiasm: “Today marks a new chapter in our mission to empower Nigerian businesses through technology. With Tradeplus, our new Isolo Facility, and the Vendor Loan Scheme, we are not just launching products; we are creating an ecosystem that will drive economic growth and digital transformation across the country.”

Sage Grey Technologies Limited has been at the forefront of software solutions in Nigeria, specializing in developing sustainable technologies solutions for businesses and government entities. The launch of Tradeplus and the innovative vendor loan scheme follows the success of previous products such as Splitmulti, Adzplug, and Proxze. With Tradeplus, Sage Grey Technologies Limited is poised to continue this legacy of innovation and excellence. In addition to the Launch of Tradeplus, the event also witnessed the unveiling of the new office facility at Isolo, Lagos State.

Tradeplus: Revolutionizing E-Commerce in Nigeria

Tradeplus (www.tradeplus.ng), the Company’s latest digital solution, is set to revolutionize online commerce in Nigeria. This online marketplace not only provides a platform for a wide variety of goods but also introduces unique features enabling growthfor Small and Medium Enterprises (SMEs).

According to Mr. Adejumo Atiba, Non-Executive Director, Sage Grey Technologies Limited, “Tradeplus has a revolutionary split functionality that transforms the online retail experience. This platform empowers vendors to sell wholesale products to multiple customers, granting consumers access to discounted wholesale prices. It offers real-time inventory management for vendors and enables financial institutions to provide inventory finance while verifying their clients’ physical stock. This comprehensive solution streamlines commerce, benefits both sellers and buyers and facilitates secure financial transactions within the e-commerce ecosystem”.

Isolo Facility: A Hub for Innovation and Customer Support Centre

The event also witnessed the unveiling of the new Isolo Facility. This modern facility is equipped with latest technology and sustainable features, reflecting the company’s commitment to providing a world-class working environment for its talented workforce.

Mrs. Ufuoma Uwejeyan, the General Manager, Sage Grey Technologies Limited, Chief Operating Officer, commented on the facility: “Our Isolo Facility is a testament to our growth and ambition. It is designed to foster collaboration, innovation and sustainability. From our state-of-the-art data center to our green energy initiatives, every aspect of this building embodies our vision for the future.”

Vendor Loan Scheme: Empowering SMEs

In partnership with Sage Grey Finance Limited (www.sage-grey.com), the company introduced the Vendor Loan Scheme, aimed at providing accessible financing options for vendors and SMEs on the Tradeplus platform.

Ms. Michelle Oleah, Tech Analyst, Sage Grey Finance Limited, explained: “The Vendor Loan Scheme is our way of addressing one of the biggest challenges facing SMEs – access to finance. By integrating this scheme with Tradeplus, we’re creating a holistic ecosystem that supports businesses at every stage of their growth journey.”

Eligible participants for the loan scheme include SMEs and other qualified vendors who can benefit from financial support to expand their business operations. To register for the vendor loan scheme, follow these steps:

1. Go to the registration page on https://vendor-loan-program.vercel.app/ .
2. Fill out the vendor loan registration form.
3. Verify your inventory.
4. Get the funding.

The introduction of Tradeplus, the Isolo Facility and the Vendor Loan Scheme is expected to significantly impact the local economy, providing new avenues for business growth and financial inclusion.

Stakeholder Reactions

The launch event was attended by key figures from various organizations, who shared their thoughts on Sage Grey Technologies’ new initiatives.

Mr. Samson Gbadamos, Deputy Executive of the Nigerian Association of Small and Medium Enterprises (NASME), expressed enthusiasm about the potential impact of Tradeplus and the Vendor Loan Scheme: “What Sage Grey Technologies has unveiled today is truly groundbreaking for Nigerian SMEs. The combination of a robust e-commerce platform with accessible financing addresses two critical challenges our members face: market access and capital. Tradeplus™ has the potential to be a game-changer in how small businesses operate and grow in the digital economy.”

Mrs. Hyeladzira Battah-Mhya, Associate, UNIDO Investment and Technology Promotion Office (ITPO) Nigeria, commended the initiative’s alignment with sustainable development goals: “The launch of TradePlus™ and the Vendor Loan Scheme aligns perfectly with our mission to promote inclusive and sustainable industrial development. By leveraging technology to empower SMEs, Sage Grey Technologies is contributing significantly to Nigeria’s economic growth and job creation. We look forward to exploring ways to collaborate and extend the reach of these innovative solutions.”

Mrs. Margaret Paul, Head, Operations, Sage Grey Finance Limited highlighted the potential for industrial growth: “The Isolo Facility impressed me greatly. It is not just about the technology but the ecosystem Sage Grey is building. This kind of infrastructure, combined with platforms like Tradeplus, can significantly boost our small-scale industrialists’ capacity to innovate, produce, and compete globally.”

Sage Grey Technologies Limited is also seeking partnerships with key stakeholders such as UNIDO/ITPO Nigeria, SMEDAN, NASME, and the Youth Empowerment Fund to further enhance the impact of these initiatives. “Collaboration is key to maximizing our impact,” Mrs. Ufuoma Uwejeyan, concluded. “We invite all stakeholders to join us in this journey to digitize and empower Nigerian businesses.”

Sage Grey Technologies Limited remains committed to driving technological innovation and economic development in Nigeria. With these three groundbreaking initiatives, the company is poised to lead the digital transformation of Nigeria’s business landscape.

Visit our dedicated webpage at https://vendor-loan-program.vercel.app/ to access funds through the Tradeplus Vendor Loan Scheme or send a mail to vendorloanprogramme@tradeplus.ng to more information.

For media inquiries, partnership opportunities, or more information about Sage Grey Technologies Limited, please contact us via email: info@sagegreytech.com; website: www.sagegreytech.com. tel: +234 201 887 0030