Vetiva

What Vetiva does

Vetiva Capital Management Limited is a privately held, Nigeria-incorporated financial services group operating through five wholly-owned subsidiaries: Vetiva Advisory Services (investment banking and M&A/capital-raising advisory), Vetiva Fund Managers (asset management and ETF issuance), Vetiva Securities (brokerage and dealing on the Nigerian Exchange), Vetiva Trustees (corporate and private trust services), and Griffin Finance (consumer and structured lending). Founded in 2001 and headquartered in Lagos with a secondary office in Abuja, Vetiva is regulated by the Securities and Exchange Commission of Nigeria and operates as a pioneer in the country's ETF market, having launched the first equity-backed ETF (Vetiva Griffin 30 ETF) and a first-of-kind sovereign bond ETF on the Nigerian Exchange. The group serves retail investors, high-net-worth individuals, institutional investors (pension funds, insurance, endowments), corporate clients, government/DFIs, and SME/consumer borrowers across Nigeria.

The group's technology layer consists of the Vetiva Trader online trading platform (web and mobile), the Akiba fintech mobile application (bill payments, savings, low-risk investments, and the Akiba Tribe community), and a proprietary ETF suite tracking Nigerian market indices (Griffin 30, Banking, Consumer Goods, Industrial) and the S&P Nigerian Sovereign Bond Index, alongside the Vetiva Money Market Fund and Vetiva USD Fixed Income Fund. Revenue is generated through five distinct streams: advisory and transaction fees from M&A, capital-raising, and project-finance mandates; recurring AUM-based management fees on mutual funds and ETFs; brokerage commissions and trading spreads; trustee fees for estate, education, and corporate trusts; and interest income from Griffin Finance's consumer, SME, and structured lending book. Distribution combines relationship-driven direct advisory for institutional and corporate clients with self-service digital channels for retail investors, supported by Vetiva Research for thought leadership.

Vetiva's go-to-market is hybrid: a sales-led model for advisory, institutional asset management, securities, and trust services targeting corporates, governments, DFIs, and HNI/institutional investors, paired with a product-led growth motion through ETFs, mutual funds, Vetiva Trader, and Akiba App for retail and mass-affluent acquisition. Notable commercial signals include the joint advisory appointment on the Dangote Petroleum Refinery and Petrochemicals Fze pan-African IPO (announced April 2026, alongside Stanbic IBTC Capital and FirstCap), an Agusto & Co A+(f) rating for the Vetiva Money Market Fund in 2025, and ongoing ETF distribution cadence.

Name

Vetiva

Legal name

Vetiva Capital Management Limited

Website

https://vetiva.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Vetiva Capital Management Limited is a Nigerian financial services group operating through five wholly-owned subsidiaries covering investment advisory, asset management, securities brokerage, trust services, and consumer lending, serving retail, institutional, and corporate clients across Nigeria.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282), Finance Services (6199)

akta.pro primary industry

Corporate Finance Advisory (Strategic Finance, Capital Structure & Recaps) (FSAEAGAE)

akta.pro secondary industries

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL), Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• Investment banking services
• Asset management
• Securities brokerage
• Exchange traded funds
• Financial advisory

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Financial Advisory: Investment banking and financial advisory services including M&A advisory, capital raising, project finance, and IPO advisory. Revenue earned through advisory fees and transaction-based compensation.
2. Asset Management: Management of mutual funds (Vetiva Money Market Fund, Vetiva USD Fixed Income Fund) and ETFs. Revenue generated through management fees calculated as a percentage of assets under management.
3. Securities Brokerage and Dealing: Full-service brokerage providing trade execution, market making, and research services for equities and ETFs on the Nigerian Exchange. Revenue from brokerage commissions and spreads on transactions.
4. Trust Services: Corporate and private trust services including estate planning, trust administration, corporate trusteeship, education trust plans, and charitable trusts. Revenue from trustee fees and service charges.
5. Structured and Consumer Lending (Griffin Finance): Consumer and business lending including asset-backed loans, SME loans, LPO financing, trade finance, and structured lending solutions. Revenue from interest income on loans extended.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

Vetiva Capital Management Limited is a Nigerian financial services group operating through five wholly-owned subsidiaries: Vetiva Advisory Services (investment banking, M&A advisory, capital raising, project finance), Vetiva Fund Managers (mutual funds, ETFs, customized portfolio management), Vetiva Securities (equities and ETF brokerage), Vetiva Trustees (corporate and private trust, estate planning, education trust plans), and Griffin Finance (consumer and SME lending). The group offers digital channels including the Vetiva Trader online trading platform and the Akiba fintech app for retail bill payments, savings, and investments.

Product overview

Vetiva Capital Management is a Nigerian financial services group offering a comprehensive suite of services through five main subsidiaries: Vetiva Advisory Services (investment banking, M&A, capital raising), Vetiva Fund Managers (asset management, mutual funds, ETFs), Vetiva Securities (brokerage and trading), Vetiva Trustees (trust and estate planning), and Griffin Finance (consumer and structured lending). The group provides digital platforms including Vetiva Trader for online trading and Akiba App for fintech services. Their product portfolio includes ETFs tracking Nigerian indices and sectors, money market funds, USD fixed income funds, and education trust plans. Vetiva serves retail, institutional, and corporate clients across Nigeria's capital markets.

Differentiator

Problem solved

Functional benefit

Brands

• Vetiva Griffin 30 ETF: An open-ended exchange traded fund designed to provide market exposure to securities of constituent companies of the NGX 30 Index.
• Vetiva Banking ETF (VETBANK)
• Vetiva Consumer Goods ETF (VETGOODS)
• Vetiva Industrial ETF (VETIND)
• Vetiva S&P Nigerian Sovereign Bond ETF (VSP)
• Vetiva Money Market Fund (VMMF)
• Vetiva USD Fixed Income Fund (VUFI)

Products and services

• Vetiva Advisory Services Investment banking and financial advisory services offering M&A advisory, capital raising, and project finance for corporates, governments, and development finance institutions in Nigeria and across African markets.
• Vetiva Fund Managers Asset management services providing mutual funds, ETFs, and customized portfolio management solutions to retail, high net worth, family offices, and institutional investors.
• Vetiva Securities Full-service securities brokerage and dealing providing equities and ETF trading, market making, and research services for institutional and individual investors on the Nigerian Exchange.
• Vetiva Trustees Trust services providing estate planning, corporate trusteeship, education trust plans, and charitable trusts for individuals, families, and corporate clients.
• Griffin Finance Fixed income intermediation and structured lending services including consumer loans, SME financing, asset-backed loans, LPO financing, trade finance, and invoice discounting.
• Vetiva Trader Online trading platform (web and mobile) providing real-time market data, portfolio management, order placement, and advanced charting tools for trading stocks and ETFs on the Nigerian Exchange.
• Akiba App Digital fintech mobile application for bill payments, savings, low-risk investments, and financial literacy, targeting consumers seeking accessible financial management tools.
• Vetiva Griffin 30 ETF Open-ended exchange traded fund designed to provide market exposure to constituent companies of the NGX 30 Index, tracking the top 30 Nigerian companies.
• Vetiva Banking ETF Sector-based ETF tracking the NGX Banking Index, comprising the top 10 banks by market capitalization and liquidity on the Nigerian Exchange.
• Vetiva Consumer Goods ETF Sector-based ETF tracking the NGX Consumer Goods Index for exposure to listed Nigerian consumer goods companies.
• Vetiva Industrial ETF Sector-based ETF tracking the NGX Industrial Index for exposure to industrial sector companies listed on the Nigerian Exchange.
• Vetiva S&P Nigerian Sovereign Bond ETF Optimized bond ETF tracking the S&P Nigerian Sovereign Bond Index, providing exposure to Nigerian sovereign debt instruments.
• Vetiva Money Market Fund Actively managed open-ended mutual fund providing capital stability, liquidity, and diversification through investments in short-term money market instruments with quarterly distributions.
• Vetiva USD Fixed Income Fund Actively managed open-ended mutual fund investing in USD-denominated fixed income securities including Nigerian Sovereign Eurobonds, corporate Eurobonds, and money market instruments.
• Vetiva Education Trust Plan Education savings plan designed to build funds for children's future education through structured contributions and professionally managed portfolios, available in multiple tiers.
• Vetiva Asset Tracker and Reconciliation Services (VARS) Account reconciliation service consolidating and monitoring client investments, recovering outstanding dividends and shares from rights or bonus issues, and facilitating transfer and reconciliation of shares for deceased estates.

Quantifiable outcome

• Vetiva Griffin 30 ETF achieved 0.60 per unit interim distribution
• +4 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered flagship and minor.

• Stanbic IBTC CapitalflagshipGTM or Marketing Partner · 16 April 2026Joint advisory partnership with Stanbic IBTC Capital and FirstCap for the Dangote Petroleum Refinery and Petrochemicals Fze pan-African IPO. Vetiva appointed alongside Stanbic IBTC Capital as advisors for listing approximately 10% of the continent's biggest refinery on multiple African stock exchanges.
• FirstCap Ltd.flagshipGTM or Marketing Partner · 16 April 2026Joint advisory partnership with Stanbic IBTC Capital and Vetiva Advisory Services for the Dangote Petroleum Refinery and Petrochemicals Fze pan-African IPO. FirstCap joins as one of three appointed advisors for the landmark transaction.
• Stanbic IBTC ETFminorOthersStanbic IBTC is noted as one of the ETF issuers competing in Nigeria's Exchange Traded Funds market alongside Vetiva and Greenwich Alpha, with ETF returns trading at significant premiums to underlying indexes.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• FCMB Capital Markets: FCMB Capital Markets is the investment banking arm of FCMB Group, offering advisory, capital raising, and securities services across Nigeria. It is regularly featured in Vetiva's weekly stock recommendations alongside other coverage names.
• Coronation Merchant Bank: Coronation Merchant Bank is a Nigerian merchant bank offering advisory, capital markets, asset management, and treasury services. It competes with Vetiva Advisory Services and Vetiva Securities in the institutional segment.
• United Capital Plc: United Capital is a leading Nigerian investment banking and financial services group operating across advisory, asset management, securities, trusteeship, and consumer finance — overlapping almost identically with Vetiva's full-service model.
• Afrinvest (West Africa): Afrinvest is a Nigerian investment banking and research firm offering securities brokerage, asset management, and advisory services. It traces its roots to SecTrust Limited where Vetiva's COO Damilola Ajayi began her career.
• Cardinalstone Partners: Cardinalstone is a Nigerian financial services group offering investment banking, securities trading, asset management, and trusteeship services. Its integrated platform directly mirrors Vetiva's five-subsidiary structure.
• Asset & Resource Management (ARM): ARM is one of Nigeria's largest asset managers offering mutual funds, pensions, and investment advisory services. It is a direct competitor to Vetiva Fund Managers in the Nigerian asset management space.
• Stanbic IBTC Capital: Stanbic IBTC Capital is the investment banking arm of Stanbic IBTC Holdings, offering M&A advisory, capital markets, and securities services across Nigeria. It is a co-advisor with Vetiva on the Dangote Petroleum IPO and a direct competitor in ETF issuance and brokerage.
• Chapel Hill Denham: Chapel Hill Denham is one of Nigeria's leading investment banks providing M&A advisory, capital raising, securities trading, and asset management. It directly competes with Vetiva across advisory, brokerage, and asset management mandates.
• Greenwich Alpha Asset Management: Greenwich Alpha is identified in industry data as one of three key ETF issuers in Nigeria alongside Vetiva and Stanbic IBTC, making it a direct competitor in Vetiva's flagship ETF franchise.

Emerging players

• Sigma Pensions: Sigma Pensions is one of Nigeria's largest pension fund administrators with growing in-house investment capabilities. It represents both a potential institutional client for Vetiva's asset management products and an emerging competitor in investment management.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/vetiva
• Facebookfacebook.com/vetivacapital
• LinkedInlinkedin.com/company/127532

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vetiva