What The Concept Group does

The Concept Group is a Lagos, Nigeria-based private holding company operating three wholly-owned subsidiaries across financial services, information technology, and foreign exchange. Founded in 1992 and headquartered in Yaba, Lagos, the group employs approximately 68 staff and is led by Group MD/CEO Chukwuma Ochonogor with Itiekhao Ikpeminogena as Executive Director, Finance. The group's structure provides economies of scope across related business lines serving the Nigerian and broader West African market.

The group's three operating subsidiaries are Rosabon Financial Services (a financial intermediary and equipment lessor), Concept Nova (a provider of bespoke/custom software and IT services with stated global delivery capability), and Percy Atkins (a foreign exchange services operator in Nigeria's regulated FX market). Concept Nova's bespoke software delivery implies project-based custom development engagements, while Rosabon's financial intermediation and equipment leasing generate balance-sheet-driven revenue via lease spreads and intermediary fees. Percy Atkins generates revenue from FX trading and intermediation subject to Central Bank of Nigeria regulation.

The business model is diversified across three revenue engines — interest/lease spread and intermediation fees (Rosabon), IT services project revenue and software contracts (Concept Nova), and FX margin (Percy Atkins). The group maintains a public-facing digital presence including active blog publication and a careers page indicating ongoing recruitment. No external institutional funding, public listing, M&A activity, or disclosed financial metrics were evidenced in the source material.

Name

The Concept Group

Legal name

The Concept Group

Website

https://conceptgroup-ng.com

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Short description

The Concept Group is a Lagos, Nigeria-based private holding company founded in 1992 operating three subsidiaries — Rosabon Financial Services (financial intermediation/equipment leasing), Concept Nova (bespoke IT/software services), and Percy Atkins (FX services) — serving Nigerian and West African clients.

Ownership category

akta.pro rank

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Distribution channels1 record

Marketing channels3 records

Core offering

The Concept Group is a Nigerian holding company operating three wholly-owned subsidiaries that deliver financial intermediation and equipment leasing (Rosabon Financial Services), bespoke software solutions and IT services (Concept Nova), and foreign exchange services (Percy Atkins). Each subsidiary offers tailored services to individuals and organizations within Nigeria, with the parent providing shared services, strategic direction, and operational support.

Product overview

The Concept Group is a Nigerian holding company operating a platform-plus-subsidiaries architecture. The parent company provides shared services and strategic direction to three distinct market-facing subsidiaries: Rosabon Financial Services (financial intermediary and equipment leasing), Concept Nova (IT services and bespoke software solutions), and Percy Atkins (foreign exchange services). These subsidiaries operate independently under the Group's umbrella, collectively serving Nigeria's tech-financial sector.

Differentiator

Problem solved

Functional benefit

Products and services

• Rosabon Financial Services Nigeria's top financial intermediary and equipment leasing firm offering flexible leasing, loan financing, and financial planning services to individuals and businesses to drive long-term productivity and growth in Nigeria's economy.
• Concept Nova One of Nigeria's fastest-growing IT service companies that leverages robust local infrastructure to deliver bespoke software solutions globally, offering innovative products and services with a steadfast commitment to customer satisfaction.
• Percy Atkins A foremost foreign exchange service in Nigeria that uses advanced technology to provide fast, reliable, and affordable forex services within regulatory guidelines.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves4 records

Expansion highlights3 records

Direct peers

• Flutterwave: Nigerian payments and financial infrastructure company. Comparable as a Nigeria-headquartered tech-finance platform serving African SMBs with technology-enabled financial products.
• Renmoney: Nigerian consumer and SME lending company. Comparable to Rosabon Financial Services as a Nigerian financial intermediary offering loans and credit products to consumers and businesses.
• Kuda Bank: Nigerian digital-only bank offering consumer and SMB financial products. Comparable as a Nigerian tech-forward financial services provider competing in the same retail/SME fintech segment.
• SystemSpecs (Remita): Nigerian software and fintech company offering payments and enterprise software solutions. Comparable as a Nigerian technology-enabled financial services group with bespoke software offerings similar to Concept Nova.
• FairMoney: Nigerian digital lender serving consumers and small businesses. Comparable to Rosabon in the Nigerian consumer/SME lending space.
• Carbon (formerly Paylater): Nigerian digital lending and financial services platform. Comparable to Rosabon as a Nigerian lending/credit intermediary serving individuals and small businesses.
• Patricia Technologies: Nigerian fintech operating in payments, gift cards, and digital asset services. Comparable as a Nigeria-based technology-enabled financial services company serving retail customers.

Regional players

• Letshego Africa: Pan-African financial services group focused on inclusive lending and deposits. Comparable as a multi-country African consumer/SME financial intermediary, with broader regional reach than TCG.
• Andela: Africa-focused IT services and software engineering outsourcing company with Nigerian roots. Comparable to Concept Nova as an African IT services exporter delivering bespoke software solutions.

Broad incumbents

• Interswitch Group: Largest Nigerian fintech/Payments group with diversified financial and technology services. Comparable to TCG as a multi-product Nigerian finance-tech platform, though far larger and more infrastructure-focused.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/the-concept-group.

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 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 The Concept Group