Trade Lenda - Lagos, Nigeria

Lenda, a digital financial service solution, is revolutionizing the way MSMEs (micro, small, and medium-sized enterprises) access credit in Nigeria. By leveraging alternative data sources to evaluate character and capacity, Lenda eliminates the need for upfront collateral and other bottle necks that often prevent MSMEs from receiving financing. With a potential market of $5 trillion across developing economies, MSMEs account for 84% of jobs and 50% of GDP in Africa. However, without access to financing, many of these businesses will fail within two to five years.

Lenda is not stopping at providing credit. Through its smart data algorithm, they are also offering micro savings, insurance, investments, and pensions, allowing MSMEs to secure their financial future.