Trade Lenda

Digital Financial service solution for MSMEs cutting across Access to Credit, Micro savings, Investment and Insurance

Business Model:

Revenue: $0

Employees: 1-10

Rankings

Industries / Tags:

Detailed Trade Lenda Information

Geographic Data

Trade Lenda headquarters map

Address: 251 Little Falls Dr

City: Wilmington

State: DE

Zip: 19808

Country: US

Financial Info

Stage:

pre seed

Raised Last:

$520k

Raised Total:

$520k

Metrics

8,400,036Website Global Rank

365Website Monthly Traffic

Twitter Followers

Description

Trade Lenda is digital financial service solution enabling access to credit for MSMEs leveraging alternative data sources to qualify character and capacity in Nigeria. It’s a known fact access to finance is a major challenge for MSMEs with a $5trillion opportunity market across developing economies. According to reports from PWC and IFC, MSMEs account for about 84% of the jobs created in this region and about 50% of the GDP of the African economies. However without needed finance, most of them are likely to shut down within first 2-5 years. Today with our smart data algorithm, we leverage on data to evaluate character and capacity of every request thus removing focus on upfront collateral and cutting bottle necks associated to getting credits by MSMEs. We are not stopping there but also going a step further to provide micro savings, insurance, investment and pension soon for MSMEs.

Contact Phone:

Contact Email:

Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
1/2023 Pre Seed Round 3 $520k ARM Labs
EXPERT DOJO
Sovereign’s Capital
ARM Labs
EXPERT DOJO
Sovereign’s Capital
11/2022 Pre Seed Round 1 $100k Ardent Capital
Ardent Capital
Announced Date Name Price

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