List of active fintech lenders in Nigeria. It captures the lending conditions, access methods, disbursement, repayment, mitigation, and risk assessment.
source
Stears Data
no. of rows
52
size
26.0KB
geography
Nigeria
time period
2021
This table shows a snippet from the dataset.
Product Name | Description | Website | Year Launched | Active In How Many Countries? | Operating Locations Within Nigeria | Primary Lending Model | Does The Product Offer Loans To Individuals? | Does The Product Offer Loans To Individuals Without A Formal Employment Or A Registered Businsess | Payday Loans For Employees? | Credit For Asset/Finance Purchase? | Cashback For Individuals | Maximum Tenor (Months) For Personal Loans | Maximum Interest Rate (Monthly) For Personal Loans | Maximum Annual Percentage Rate For Personal Loans | Minimum Lending Amount (Ngn) For Personal Loans | Maximum Lending Amount (Ngn) For Personal Loans | Does The Product Offer Credit Facilities To Businesses? | Start-Up Capital Loan For Businsses? | Working Capital Loan For Businesses? | Overdraft For Individuals Or Businesses? | Agent Financing For Mobile Money? | Maximum Tenor (Months) For Business Working Capital | Maximum Interest Rate (Monthly) For Business Working Capital | Maximum Lending Amount (Ngn) For Business Working Capital | Other Charges | Loan Insurance? | Can Borrowers Top-Up Their Loan | Access Via Ussd/Sms/Call | Access Via App | Access Via Website | Access Via Branch | Disbursement Via Bank Account | Disbursement Via E-Wallet | Disbursement Via Platform Card | Repay Via Direct Debit Or Standing Payment Order | Repay Via Bank Transfer | Repay Via Cash Or Over-The-Counter | Repay Via Website Or App | Repay Via Atm | Repay Via Cheque | Repay Via Ussd/Sms | Remedial Action Via Credit Bureau | Remedial Action Via Legal Action | Remedial Action Via Blacklist | Remedial Action Via Contact Guarantor | Remedial Action Via Debt Collection Agency | Remedial Action Via Contact Employer | Remedial Action Via Name & Shame | Remedial Action Via Default Charge | Risk Assessed Via Credit History Check | Risk Assessed Via Phone Records/Sms/Contacts/Gps For Personal Loans | Risk Assessed Via Employment Check For Personal Loans | Risk Assessed Via Business/Bank Transaction Statement | Risk Assessed Via Incoporation Document For Business Loans | Risk Assessed Via Proof Of Residence | Risk Assessed Via Guarantor | Risk Assessed Via Collateral/Security Deposits For Business Loans | Other Requirements For Loans | Period (Months) Of Bank/Financial Statement For Business Loans | Affiliate Institution (E.G. Bank, Telco) | Does The Product Use Advanced Predictive Models For Loan Assessment? | Does The Product Offer Savings/Investment? | Minimum Tenor (Month) For Savings/Investment | Maximum Tenor (Month) For Savings/Investment | Minimum Fund (Ngn) For Savings/Investment | Maximum Fund (Ngn) For Savings/Investment | Maximum Annual Percentage Rate For Savings/Investment | Is There An Halal Option For Savings/Investment | Estimated External Funding To Date | Other Service Offering 1 | Other Service Offering 2 | Other Service Offering 3 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Lydia | Lydia provides credit financing for businesses based on their cashflow. | https://www.lidya.info/ | 2016 | 3 | All states | Direct Lending | No | No | No | Yes | N/a | N/a | N/a | N/a | N/a | N/a | Yes | No | Yes | No | Yes | Flexible | 3.5% | USD 100,000 | No | No | No | No | No | Yes | No | No | Yes | No | Yes | No | No | Yes | No | No | No | Yes | Yes | No | No | Yes | No | No | No | Yes | No | No | Yes | Yes | No | No | No | No | 3 | None | Yes | No | N/a | N/a | N/a | N/a | N/a | N/a | $16,500,000 | Invoice & customer list management | Credit cards | No |
KiaKia | A peer to peer marketplace that offers seameless borrowing and lending service. | https://kiakia.co/ | 2015 | 1 | All states | Platform Lending | Yes | No | No | No | No | 3 | 20.00% | 240% | 10,000 | 200,000 | Yes | No | Yes | No | No | 3 | 15% | Flexible | NGN 800 | No | No | No | No | Yes | No | Yes | No | No | Yes | Yes | No | No | No | No | Yes | No | Yes | No | Yes | Yes | No | No | Yes | Yes | No | Yes | Yes | Yes | No | Yes | No | No | 6 | None | No | Yes | 6 | 18 | 50,000 | 2,500,000 | 40% | Yes | Undisclosed | No | No | No |
Aella Credit | Aella provides easy and instant access for users to get loan, investment and health insurance | https://aellaapp.com/ | 2015 | 1 | All states | Direct Lending | Yes | Yes | No | No | No | 3 | 20% | 240% | 2,000 | 1,000,000 | No | No | N/a | No | No | N/a | N/a | N/a | No | No | No | No | Yes | Yes | No | Yes | Yes | No | Yes | No | No | Yes | No | No | No | Yes | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes | No | No | N/a | No | No | N/a | No | N/a | None | Yes | Yes | 3 | 12 | 10,000 | 100,000,000 | 26% | No | 10,300,000 | Funds transfer | Bill payment | Health Insurance |
Carbon | Carbon helps users to pay bills, transfer money, get instant loans and enjoy high interest savings. | https://www.getcarbon.co/ | 2012 | 3 | All states | Direct Lending | Yes | Yes | No | Yes | Yes | 12 | 15% | 180% | 10,000 | 1,000,000 | Yes | No | Yes | Yes | No | 3 | 5% | 20,000,000 | No | No | Yes | Yes | Yes | Yes | No | No | Yes | No | Yes | No | No | Yes | No | No | Yes | Yea | Yes | No | No | Yes | No | No | Yes | Yes | Yes | No | Yes | Yes | No | No | No | No | 6 | None | Yes | Yes | 1 | 12 | 100 | 100,000,000 | 11% | No | 15,800,000 | Online payment processing & fund transfer | Physical and virtual debit cards | Identity Verification |