Lendha operates a digital lending platform that provides small and medium enterprises (SMEs) in Nigeria with quick access to loans up to ₦10,000,000, featuring an online application process with no paperwork or collateral requirements. The platform offers low-interest rates and rapid approval within three hours, enabling businesses to maintain cash flow and support growth without traditional banking barriers.
Funding
$110K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small and medium enterprises (SMEs) in Nigeria often face challenges in accessing timely financing due to stringent paperwork, collateral requirements, and lengthy approval processes at traditional banking institutions. This lack of access to capital can hinder their ability to maintain adequate cash flow, pursue growth opportunities, and meet operational needs.
Solution
Lendha provides a digital lending platform designed to offer SMEs in Nigeria quick and easy access to loans, enabling them to overcome traditional barriers to financing. The platform features a streamlined online application process that eliminates the need for physical paperwork and collateral. SMEs can apply for loans up to ₦10,000,000 and receive approval within three hours, empowering them to maintain cash flow and support business expansion. Lendha's flexible repayment options further ease the financial burden on SMEs, fostering sustainable growth.
Target Audience
Lendha primarily targets small and medium-sized business owners in Nigeria who require quick access to working capital for growth, cash flow management, and operational expenses.
Features
- Online loan application process accessible via web platform
- Loan amounts up to ₦10,000,000
- Loan approval within three hours
- Flexible repayment plans with installments up to six months
- Interest rates starting from 4% and processing fees from 0.5%
- Customer support via email and phone