Stears Data

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Fintech Lenders: Access and Distribution Channels

List of active fintech business and consumer lenders in Nigeria. It captures the lending conditions, access methods, disbursement, repayment, mitigation, and risk assessment.

source

Stears Data

no. of rows

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