Paylogue provides short-term financing solutions for businesses, offering lines of credit and invoice factoring to improve cash flow. They also offer personal loans with flexible repayment options, aiming to provide accessible and convenient financial services.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses and individuals in Nigeria often face challenges accessing timely financing due to stringent requirements and lengthy processes associated with traditional banking facilities. This lack of access can hinder business growth, limit opportunities for individuals, and create financial burdens.
Solution
Paylogue is a fintech company that provides short-term personal and business loans designed to offer accessible and convenient financial solutions. Paylogue streamlines the loan application process, offering disbursement within 24 hours, and eliminates the need for guarantors or collateral for certain loan types. By leveraging modern technology, Paylogue aims to provide financial freedom and support business expansion by offering credit facilities up to ₦1.5 million. They also offer financial advice to help customers make informed decisions.
Target Audience
Paylogue serves individuals in paid employment seeking personal loans and SMEs/business owners looking for capital to expand their operations.
Features
- Personal loans up to ₦1.5 million with disbursement within 24 hours
- Business loans designed to help SMEs grow and remain competitive
- Online application process for convenient access from home or office
- No guarantor or collateral required for certain loan products
- Competitive interest rates tailored to individual loan amount, tenor, and salary
- Flexible repayment options with loan tenors between 1-3 months
- BVN verification for KYC compliance