FinTech Company Seeking Loan in Najjera, Uganda
Uganda-based FinTech company with a proprietary P2P lending application linking secured borrowers to lenders.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 690 thousand |
| Run Rate Sales | USD 236 thousand |
| EBITDA Margin | 30 - 40 % |
| Industries | FinTech |
| Locations | Najjera |
| Local Time | 6:37 AM Africa / Kampala |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
273 thousand
for
16.0%
annual interest,
5
years
(Native Currency: UGX 1,000,000,000)
Reason: We would like to capitalize our internal lending portfolio to boost our revenue earned from direct l...
View More
Collateral Available: USD 660 thousand
Includes physical assets worth
USD
8.2 thousand
Interested to connect with advisors
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Business Name
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User Verification
Documents
C.E.O and Operations Manager
(494.6 KB)
Company takes part in CSR event
(92.6 KB)
Audited books for the year last year
(28.7 MB)
App 2.0 Crash course
(3.1 MB)
Pitch Deck Sept 2024
(1.5 MB)
Financial Model 2022-2027
(472.9 KB)
Tax Identification Number
(722.3 KB)
Money Lending License 2024
(27.6 KB)
Trade license 2024
(42.0 KB)
Registered Business Premises Form 18
(113.6 KB)
EFL Certificate of Incorporation
(45.9 KB)
Business Overview
- Uganda-based FinTech company that has been operational for 9 years but with major breakthrough from September 3 years back.
- We matched USD 686k in credit last year, a significant increase from USD 27k in the 3 years back, and surpassing 2,000 downloads.
- This was among only 24 lenders spread across Uganda (12) including 2 investment clubs, Japan (8), South Africa (2), Australia (1) and the UK (1)
- We've matched a total transaction volume of USD 1,200,000 from September, 3 years back to date across 224 borrowers.
- We've generated sales revenue of USD 163,000 and a net profit of USD 65,000 between the same period.
- We continue to manage an active loan portfolio of $660,000.
- We have experienced CAGR of 485% between FY20 and FY23, driven primarily by an increase in both borrowers and the amount borrowed on the platform.
- Our EBITDA margins have significantly improved, rising from -267% in FY20 to 40% in FY23.
- The average lending rate of our lenders as of the past year has been 6% per month on reducing the balance amortization method.
- We have, twice, been awarded the Digital Impact Africa Awards certificate of excellence in the presence of stakeholders from both the private sector and government including the Minister of I. C. T.
- In July 2024, we were the 1st runner-up in the Uganda-Japan (UJ) Connect business accelerator program/competition earning us a trip to the GITEX event in Dubai in October, 2024.
- We matched USD 686k in credit last year, a significant increase from USD 27k in the 3 years back, and surpassing 2,000 downloads.
- This was among only 24 lenders spread across Uganda (12) including 2 investment clubs, Japan (8), South Africa (2), Australia (1) and the UK (1)
- We've matched a total transaction volume of USD 1,200,000 from September, 3 years back to date across 224 borrowers.
- We've generated sales revenue of USD 163,000 and a net profit of USD 65,000 between the same period.
- We continue to manage an active loan portfolio of $660,000.
- We have experienced CAGR of 485% between FY20 and FY23, driven primarily by an increase in both borrowers and the amount borrowed on the platform.
- Our EBITDA margins have significantly improved, rising from -267% in FY20 to 40% in FY23.
- The average lending rate of our lenders as of the past year has been 6% per month on reducing the balance amortization method.
- We have, twice, been awarded the Digital Impact Africa Awards certificate of excellence in the presence of stakeholders from both the private sector and government including the Minister of I. C. T.
- In July 2024, we were the 1st runner-up in the Uganda-Japan (UJ) Connect business accelerator program/competition earning us a trip to the GITEX event in Dubai in October, 2024.
Products & Services Overview
Loans matching and management platform matching private and SME borrowers to lenders/investors in Uganda and beyond.
Assets Overview
3 office desks, 1 conference table, 1 pull-up banner, 2 laptops, 2 smartphones, 1 backlit logo, an office lounge set.Intangible asset is our app.
Facilities Overview
We occupy a 72-square meter office space in Kira under $186 monthly lease-obligation.
Capitalization Overview
The business is funded by its sales revenue and in part by the 15 shareholders with the majority shareholder at 51% followed by a Japanese shareholder at 10%, and 13 local shareholders varied between 6%, 5%, 2% and 1%.
Recent Activity
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Earlier than 15 daysOwner, IT Solutions And Ecommerce, Lubumbashi, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysConsultant, Management Consulting, Montreal, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysManager, Package Transportation, Bangalore, Individual Investor / Buyer connected with the Business
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·Lend to FinTech Company in Najjera, Uganda
·Financial Website Company Seeking Loan
·Lend to Financial Website Company
·FinTech Company Seeking Loan
·Lend to FinTech Company
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