Fraud Warning

Fraud is prohibited on Getting loans based on fraudulent application information is a crime in Ghana, and even hundreds of countries worldwide.

If we discover that bad actors have abused our systems, we work quickly to take action. Loan fraud is a serious concern for SM Financial Limited (SMFL). Loan fraud can encompass any suspicious, fraudulent and/or illegal activity committed against SMFL and related to SMFL's business. The most common types of suspicious activity and loan fraud schemes are: application fraud; supporting document fraud/forgery (including letters of credit, government-issued ids); and employee fraud.

SMFL investigates fraud as appropriate, and makes reports of suspected fraud to the authorities, as required, for further investigation and potential prosecution. These anti-fraud efforts are designed to safeguard SMFL's corporate assets, preserve the Company’s reputation, improve deterrence of fraud in the industry, and generally benefits our customers and the public.

Underwriting Fraud Occurs where a loan application or supporting documentation contains a material misrepresentation or omission of facts bearing on the nature or extent of the risk for which loan is being provided. It induces an underwriter to rely upon the misrepresentations and approve a loan or certain terms that otherwise would not have been issued had the true facts been known.

Internal Employee Fraud Occurs where any alleged misconduct or suspicious, fraudulent and / or illegal activity suspected of being committed against SMFL by an employee who either acts alone, or in concert with other third parties.

Any person who suspects that Fraud against SMFL is occurring, has occurred or will occur, should report the matter to SMFL via e-mail. SMFL takes every possible measure to keep all e-mails and calls confidential. SMFL appreciates your critical assistance in this fight against fraud.


Take note:

• SMFL have not and will never cold call anyone. Our customers come to us, we don’t go to them.


IP Address Blocking

IP addresses from which fraudulent activities have been perpetuated from are automatically blocked for life


Email Address Blocking

Email addressed used in perpetuating fraud on our platform are blocked for life


Social Media Blocking

We take proactive steps to ban fraudulent social media accounts from messaging us and/or having access to our social media accounts entirely.



We reserve the right to block and remove any suspected fraudulent user of our services.


It is an offence to knowingly give false, inaccurate or misleading information when applying for a loan. If you give such information, you may face criminal prosecution and/or civil action for the recovery of any losses incurred by us.

Regulatory Compliance


Sikamaster (SML), is a 24/7*365 well-capitalised internet first, forward-thinking, safe, robust, resilient, smart & responsible direct lender for the working class (we don't lend to the unemployed). SML is not; a microfinance institution, and neither a savings & loans company or a Specialised Deposit-taking Institution (SDI) of any form, kind or type. SML does not seek and/or accept outside capital. SML does not charge any upfront fees before lending.

The Bank of Ghana (BoG) does not regulate some forms of no upfront fee non-deposit taking financial services, buy to lets, seller financing, commercial mortgages, secured loans, unsecured loans, earned wage access or workplace loan schemes, buy now pay later products, bridging loans, trusts, overseas mortgages, and conveyancing or debt management.

Our loans are strictly for existing customers of The TDG Ecosystem (including employees of existing business customers of, existing tenants of and all Private-Sector Salaried Workers recruited via TDG Jobs Ghana platform). Our Home Mortgages can only be used to buy from or through DCANS Properties.

All Business Loans have been moved to (a sister company). provides loans to all kinds of businesses, be it large or small and not necessarily startups alone. All Construction Loans have been moved to Build Now Pay Later. All Auto Loans have been moved to Glostar Motors.

All Buy Now Pay Later (BNPL) Loans (incl interest-free and interest-bearing) have been moved to DCANS Pay (a sister company).

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