CyberCollect Ltd

History

2026: Building a Company

On March 11, 2026, the fintech group Cyberbird announced its entry into the market. Nigeria CyberCollect Ltd is registered to work in the country, which will act as a provider of technological developments aimed at automating the processes of debt collection from individuals.

As noted in the Cyberbird press release, Nigeria is showing steady growth in the financial sector and is among the most dynamically developing economies in Africa. At the same time, a significant part of the country's residents faces financial difficulties, which makes loans a popular instrument. At the end of 2025, the volume of consumer loans issued in Nigeria reached $2.6 billion.

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Фото: Unsplash

The amount of overdue debt in the Nigerian market is estimated at 30-35% of the total loan portfolio. The existing collection system is characterized by low efficiency: manual calls prevail, and the practice of public censure of debtors is also used, putting pressure on the borrower himself and his environment.

CyberCollect Ltd will offer the local market automated tools to reduce operating costs and increase debt recovery. The key solutions will be chatbots and voice robots based on generative models. Algorithms analyze the client's profile and build a personalized dialogue, which makes it possible to process thousands of contacts daily without expanding the staff.

As noted by Valery Babushkin, co-founder and member of the board of directors of Cyberbird Fintech Group, the company sees significant potential in the development of the collection area in Nigeria. He also added that this country has a high demand for financial products and effective methods of working with debt.