For many Nigerian car importers, the difference between securing a vehicle and losing it often comes down to timing. Auctions move fast, but payments from local banks rarely keep pace. Cadport, a newly launched cross-border payments platform, is stepping in to close that gap, giving importers the speed they need to act when it matters most.
Built for a fast-growing community of vehicle importers navigating auctions across North America, Cadport allows users to convert Naira to Canadian or US dollars and pay auction platforms, including Copart, IAAI, AutoTrader, and Manheim, in under 15 minutes, without the need for domiciliary accounts, wire transfers, or bank delays.
The launch comes at a time when Nigeria’s car import ecosystem is becoming increasingly competitive, with dealers under pressure to act quickly in high-demand auctions. Industry estimates suggest that missing a single auction due to payment delays can cost importers between ₦500,000 and ₦2 million in lost profit.
“Car importers in Nigeria don’t lose deals because they lack demand or expertise, they lose because the system is too slow,” said Kennedy Osigwe, General Manager of Cadport. “We built Cadport to remove that friction completely. When an auction is closing in hours, waiting three to five days for a bank transfer is simply not an option.”
At the core of Cadport’s value proposition is speed and simplicity. Users can initiate payments directly from their Naira bank accounts, with funds converted instantly and delivered to auction platforms in minutes, dramatically reducing the turnaround time compared to traditional banking systems.
“For many of our users, this is the difference between scaling their business or staying stuck,” Kennedy added. “We’ve seen importers move from 10 cars a month to 30, simply because they can now act in real time.”
Beyond payments, Cadport is also expanding into sourcing services, allowing users to search for vehicles across more than 200 dealerships in the United States and Canada. This feature provides curated listings based on budget, condition, and timeline, further streamlining the import process for dealers.
The platform operates 24/7, addressing a critical gap for importers participating in auctions that often run outside standard banking hours, including weekends and late-night bidding windows.
As Nigeria’s appetite for imported vehicles continues to grow, Cadport’s entry signals a broader shift toward fintech-driven solutions tailored to niche, high-value industries.
“Cross-border payments should not be the reason African businesses lose global opportunities,” Kennedy said. “Cadport is our way of ensuring they don’t.”
Beyond payments, Cadport is investing deliberately in the long-term growth of the vehicle import ecosystem. The company recently hosted its inaugural Cadport Importers VIP Mixer, convening key players across the value chain for an evening of focused conversation, insight-sharing, and industry alignment.
The gathering brought together both emerging and established importers, alongside logistics operators and ecosystem partners, reflecting the breadth of stakeholders shaping cross-border vehicle trade. More than an event, the mixer signals Cadport’s broader ambition to build not just a payments platform, but a trusted network where operators can exchange knowledge, navigate complexity, and grow within a more structured system.
“We understand that this business goes beyond transactions; it’s built on trust, access, and shared knowledge,” said Kennedy. “The mixer is a starting point. Our goal is to create a reliable environment where importers can connect, learn from one another, and scale with greater confidence.”
Following the event, Cadport moved quickly to sustain that momentum by launching a dedicated importer community, designed to facilitate ongoing engagement, provide product updates, and support operators with real-time insights.
As the company deepens its footprint, it plans to expand these community-led initiatives, creating structured touchpoints that strengthen relationships within the ecosystem and equip importers with the tools, access, and visibility needed to compete in an increasingly global market.
About Cadport
Cadport is a cross-border payments platform designed for Nigerian car importers, enabling instant Naira-to-CAD/USD transactions to international vehicle auction platforms. With a focus on speed, transparency, and accessibility, Cadport helps importers win more auctions and scale their businesses without the constraints of traditional banking systems.
Media Contact
Cadport Communications Team
Email: media@cadport.io
Website: cadport.io
