Digital Financial service solution for MSMEs cutting across Access to Credit, Micro savings, Investment and Insurance
Business Model:
Revenue: $0
Employees: 1-10
Address: 251 Little Falls Dr
City: Wilmington
State: DE
Zip: 19808
Country: US
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.
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Announced Date | Company | Transaction | Money Raised |
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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 |
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