74 indexable Alternative Lending companies headquartered in Lagos, Nigeria, ranked by total equity funding and recent funding momentum. Combined disclosed equity funding of $377.8M across 23 funded companies.
| # | Company | Funding | Valuation | Stage | Latest round | Employees | Founded | Momentum |
|---|---|---|---|---|---|---|---|---|
| 1 |
BFREE
Provider of credit management solutions for distressed assets and debt recovery |
$7.4M | — | Series A | Series A Apr 2026 | 200 | 2020 | ↑ Active |
| 2 |
Moove
Provider of revenue-based vehicle financing to mobility entrepreneurs |
$259.5M | $750M as of 2024 |
Series B | Series B Mar 2024 | 392 | 2020 | — |
| 3 |
FairMoney
Provider of a digital microfinance bank for individuals |
$57M | — | Series B | Series B Oct 2021 | — | 2017 | — |
| 4 |
Front Edge
Cross-border payment processing solution for businesses |
$10M | — | Seed | Conventional Debt Nov 2023 | 6 | 2020 | — |
| 5 |
Shekel
Provider of the marketplace offering inventory loans and digital banking for automobile businesses |
$5.2M | — | Series A | Series A Nov 2023 | 8 | 2021 | — |
| 6 |
Credpal
Credit card-based point-of-sale financing solutions |
$16.6M | — | Series A | Series A May 2022 | 83 | 2017 | — |
| 7 |
Zuvy
Software platform offering invoice management |
$4.5M | — | Acquired | Conventional Debt Jul 2023 | 12 | 2021 | — |
| 8 |
Aella App
App-based platform providing financial solutions to consumers |
$13M | — | Seed | Conventional Debt Feb 2020 | 78 | 2015 | — |
| 9 |
SunFi
Provider of solar finance management platform |
$2.4M | — | Seed | Seed Feb 2023 | 39 | 2021 | — |
| 10 |
MamaMoni
Platform offers micro loans |
$269.4K | — | Seed | Feb 2024 | — | 2015 | — |
| 11 |
Trade Lenda
Online marketplace offering diversified loans for businesses |
$520K | — | Seed | Seed Jan 2023 | 13 | 2021 | — |
| 12 |
Klump
Online point-of-sale financing platform for individuals |
$780K | — | Seed | Seed Mar 2022 | 13 | 2021 | — |
| 13 |
VetsArk
App-based lending marketplace for agriculture financing |
$250K | — | Seed | Seed May 2023 | 8 | 2018 | — |
| 14 |
CARMA
Online credit data marketplace for lenders |
$125K | — | Deadpooled | Seed Nov 2021 | 5 | 2020 | — |
| 15 |
PayFi
Online platform for point of sale financing |
$20K | — | Seed | Sep 2023 | — | 2016 | — |
| 16 |
Anyi
App-based platform for healthcare financing |
$100K | — | Seed | Seed Feb 2020 | 2 | 2019 | — |
| 17 |
Lendha
Developer of a P2P platform for working capital loans |
$25K | — | Seed | Seed Sep 2022 | 18 | 2020 | — |
| 18 |
Keza Africa
Online lending platform offering smartphone financing |
$20K | — | Seed | Seed 2022 | — | 2022 | — |
| 19 |
Kwaba
SaaS-driven lending platform for home rental loans |
$20K | — | Seed | Seed May 2022 | 9 | 2015 | — |
| 20 |
QuickCheck
Online platform for personal loans |
$50K | — | Seed | Seed Apr 2019 | 96 | 2016 | — |
| 21 |
Evolve Credit
Online comparison platform for consumer and SME loans |
$25K | — | Seed | Seed Oct 2020 | 21 | 2019 | — |
| 22 |
Tradebuza
Cloud-based platform for purchase order financing |
$25K | — | Seed | Seed Mar 2018 | 11 | 2017 | — |
| 23 |
Capsa Technologies
Online marketplace for invoice financing |
$20K | — | Seed | Seed | 14 | 2019 | — |
| 24 |
Gigmile
Online lending platform for gig workers |
— | — | Seed | Seed Dec 2025 | 37 | 2021 | ↑ Active |
| 25 |
Owoafara
Association focused on providing health insurance, loans, pensions & other financial services |
— | — | Seed | Seed Dec 2022 | 10 | 2019 | — |
| 26 |
Hadada
Provider of financing solutions to e-commerce businesses |
— | — | Seed | Seed Apr 2022 | 4 | 2021 | — |
| 27 |
Sycamore
P2P lending marketplace |
— | — | Seed | Seed Apr 2022 | 78 | 2018 | — |
| 28 |
Shecluded
Developer of a consumer loan marketplace |
— | — | Funding Raised | Grant (prize money) Oct 2021 | 9 | 2019 | — |
| 29 |
Vittas
Online lending platform offering healthcare financing solutions |
— | — | Seed | Seed Sep 2020 | 10 | 2019 | — |
| 30 |
Social Lender
Credit based on social reputation |
— | — | Seed | Grant (prize money) Apr 2019 | 7 | 2014 | — |
| 31 |
ADX
P2P platform for consumer & business loans |
— | — | Unfunded | — | — | 2019 | — |
| 32 |
BAYK Agricultural Services
Blockchain-powered platform to finance agriculture businesses |
— | — | Deadpooled | — | — | 2018 | — |
| 33 |
Breeze
Provider of digital trade finance platform for businesses |
— | — | Unfunded | — | 9 | 2019 | — |
| 34 |
Bridger
B2B payments and credit management platform |
— | — | Unfunded | — | — | 2022 | — |
| 35 |
carbon
Carbon ignites personal growth through financial innovation |
— | — | Private | — | 130 | 2012 | — |
| 36 |
Cash9ja
Provider of a platform offering loans |
— | — | Unfunded | — | — | 2022 | — |
| 37 |
CDcare
Retailer providing installment payment plans for consumer goods and vehicles |
— | — | Funding Raised | — | 19 | 2020 | — |
| 38 |
Clan
Platfom offering split payment solutions for finance institutions |
— | — | Funding Raised | — | 42 | 2016 | — |
| 39 |
Devonsley
Online marketplace for consumer & business loans |
— | — | Funding Raised | — | — | 2018 | — |
| 40 |
eazyhire
Eazyhire is a fully insured asset rental and financing company |
— | — | Private | — | 24 | 2015 | — |
| 41 |
EazziCash
Online platform for pawn loans |
— | — | Unfunded | — | — | 2015 | — |
| 42 |
Fewchore Finance
Diversified lending NBFI |
— | — | Unfunded | — | — | 2017 | — |
| 43 |
Fint
Online P2P lending platform. |
— | — | Funding Raised | — | 1 | 2017 | — |
| 44 |
FirstCentral Credit Bureau
Credit rating solutions |
— | — | Unfunded | — | — | 2005 | — |
| 45 |
Flex Advance
Direct lender for merchant cash advances |
— | — | Deadpooled | — | — | 2015 | — |
| 46 |
Ibharcan Investment
Online platform for consumer and business loans |
— | — | Unfunded | — | — | 2014 | — |
| 47 |
Intelligra
Online platform for smartphone financing |
— | — | Funding Raised | — | 86 | 2018 | — |
| 48 |
Izifin
AI-based loan management solution for credit institutions |
— | — | Unfunded | — | — | 2015 | — |
| 49 |
Kashbase
Online lending marketplace for personal loans |
— | — | Unfunded | — | — | 2018 | — |
| 50 |
Lendigo
Online platform for business loans |
— | — | Funding Raised | — | 38 | 2016 | — |
Provider of credit management solutions for distressed assets and debt recovery. It offers a Software-as-a-Service (SaaS) workflow for internal collections teams and purchases distressed assets, primarily non-collateralized consumer loans. The company utilizes machine learning to analyze consumer behavior and tailors its collection strategies to individual customer needs. Progress reports are provided to clients, and
Provider of revenue-based vehicle financing to mobility entrepreneurs. It enables drivers to buy vehicles based on their alternative credit scores. It uses proprietary performance and revenue analytics to underwrite loans to customers. It is applicable for ride-hailing, logistics, mass transit, and instant delivery services.
Provider of a digital microfinance bank for individuals. It provides users with a platform that offers financial products including savings accounts, prepaid cards, money transfers, bill payments, consumer and business loans, and more. It also features POS devices, fixed deposits, savings calculators, loan calculators, and expense management tools. Its app is available for Android and iOS users. It make it easy for u
Cross-border payment processing solution for businesses. Offers multi-currency accounts and make international transactions, exchange currencies and send payments instantly, facilitating trade in sustainably produced goods of the highest quality from reputable traders, and more.
Provider of the marketplace offering inventory loans and digital banking for automobile businesses. It provides users with loans to its users for purchasing inventory for automobile businesses without any collateral and offers multiple loan products from different lenders. It also offers digital banking services for automobile businesses which allows them to manage current or savings accounts, and pay and receive mon
Credit card-based point-of-sale financing solutions. It enables users to make installment payments at partnered merchant outlets. It also enables businesses to accept installment payments. It provides an app-based platform that is available on iOS and Android devices.
Software platform offering invoice management. It offers solutions such as creating and sending your invoices, invoice approval, requesting a cash advance, and more. It also offers payment acceptance solutions.
App-based platform providing financial solutions to consumers. It features a P2P lending platform that allows borrowers to apply for personal loans and simultaneously enables investors to invest funds in order to provide financing solutions to borrowers. The investor gets the ROI for the invested fund based on the loan term and the interest rate provided. Its app-based platform also allows users to apply for health i
Provider of solar finance management platform. It offers solutions such as tracking repayment plan schedules, energy management, and more.
Platform offers micro loans
Online marketplace offering diversified loans for businesses. Its offerings include working capital loans, purchase order financing loans, invoice discounting and trade finance loans, and more. It also allows users to invest and earn yields on the capital with features of real-time monitoring, and dedicated managers.
Online point-of-sale financing platform for individuals. It enables users to make installment payments for products available at partnered stores. Users can check credit assessments by using proprietary credit eligibility and fraud detection engine.
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Techstars
Village Capital
Voltron Capital
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Microtraction
Seedstars International Ventures
TLG Capital
Y Combinator
Africinvest
Cowrie Holdings
First Circle Capital
Future Africa
GreenHouse Capital
Rankings are computed by Radar (Fliar BI) from the Radar company master and are updated periodically. Funding and momentum scores use disclosed equity-funding data only. Figures may lag private rounds. Last updated 2026-06-23.
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