• FOUNDING YEAR: 2015
    LOCATION:
    Nigeria
    REGION:
    Last Update:
    18 Oct, 2019
    Global presence:
    United States

Description

FOCUS

PRODUCTS & SERVICES:
Platform to provide personal loans to registered company employees and individuals
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail borrowers

PEOPLE

FOUNDERS:
Adedoyin Onayemi, Akinola Jones
Board Members and Advisors:
Bill Paladino
INVESTORS:
Aella Capital Partners, 500 Startups, Bill Paladino

TRACTION

COMMENT:
It disbursed loans to over 1,000 people in its first six months. Over NGN100 million (US$500,000) has been borrowed via the platform so far.(Nov 2016)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$1 Million
DATE OF LAST FUNDING:
Jan 2016
SEED & PRIOR FUNDING:
$1 Million
SEED CLOSED ON:
Sep 2015
SEED PRIOR FUNDING COMMENT:
An undisclosed amount raised in July 2015.
LISTED:
NO
COMMENT:
Debt & Equity financing: $7.25 M(2016)

LATEST RESEARCH