It is a private invitation-only network of business owners, CEOs and high network individuals carefully selected and vetted by a financial institution or law firm who is its trusted partner.
Speaking during the launch of the network in Lagos, Managing Director, Sterling Bank Plc, Abubakar Suleiman, said the bank’s greatest asset is trust, and that the world is becoming flat and trade becoming global.
He said: “With this partnership, our customers will benefit because through the network, more cross boarder transactions will be done,” he said.
The bank chief said that Sterling Bank is committed to ensuring that businesses grow and connect with local and international partners.
He said its customers are known to the bank and that knowledge of the customers will be relied on by international partners to carry out transactions with Nigerian firms.
Also speaking, Managing Director Nigeria, Opportunity Network, Adriana de la Cruz Duffo, said the platform aggregates high-quality commercial, mergers and acquisitions, and capital related opportunities from around the world into one single, online location.
She said the business deals are actionable and proprietary and can be posted and searched by deal type, industry, geography and deal size.
She said 75 per cent of the opportunities posted are either negotiating or already closed the deal while on average, members receive 11 connections per opportunity.
“IT Group was looking to invest in small innovative Tech companies and found the connection to a consultancy firm that helped evaluate multiple investment opportunities out of their network.”