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Trade Lenda

Nigeria
Market: Financial services
Stage of the project: Operating business

Date of last change: 10.03.2023
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Idea

Promoting social and financial inclusion for MSMEs through timely access to micro finance.

Current Status

We have so far disbursed over $2.7million in disbursements and achieved a revenue of $130,000+

Problem or Opportunity

We solve the challenge of working capital for Micro Small and Medium Enterprises (including farmers) by underwriting them with alternative data to get up to $2,000 credit within 6 hours.

Solution (product or service)

We are driving financial and social inclusion through Micro financing for Micro Small and Medium Enterprises in form of inventory finance and invoice finance. Our technology allows us underwrite and qualify each request to determine the right fit with 98% accuracy.

Business model

We currently make money on Interest basis and commissions from other financial products like insurance and savings. Our long-term plan is to make money per API call used by FMCG companies who wish to effectively manage their account receivables and payables.

Incubation/Acceleration programs accomplishment

Exepert Dojo Accelerator
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Idea
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