Technology Businesses Seeking Loan in Africa

Startup offers financial support to patients who undergo surgery related to dermatology, dental and bariatrics. When a patient visits a clinic, we make the entire payment for the surgery and then the patient pays us back in installments within 12 months. We have established tie-ups with clinics in Egypt who promote our service to the patients. Since we are a startup, we promote our brand and financial services through social media marketing and cold calls. We do not require any special regulatory approval / license to conduct our business activity. Before offering our financial support to a patient, we do a complete background verification and legal checks including income, bank balance, identity and address. We sign a legal agreement with each patient. Since inception, we have received enquiries from 100 patients of which 4 patients have used our financial service. We currently have 30 clinics in our network but our business has the potential to on-board more than 2,000 clinics. We are currently managing the entire operations manually and are in the process to develop a mobile app to streamline the operations. In order to generate revenue, patients as well as the clinics are charged 10-20% commission. In addition, clinics are also charged a yearly subscription fee. Our startup is yet to be registered. We are currently billing customers in the parent company's name. After raising funds, we would register the startup under a new legal entity. Founder of the business has 5 years of experience in software and healthcare industry. We have raised capital of more than USD 150K.

- We provide school management software. - Have 100 schools using our software. All these schools are privately owned. - Clients are mostly in Port Harcourt, Abia, Abuja and other places. - The software helps with result comparison, organizing computer-based exams, and online teaching. - We provide the software on a subscription model. - The subscription is only valid for 4 months. - We also help schools to outsource their computer labs. - The software has been developed by our company. - We provide installation services and training to the school. - Promoter has 12 years of experience in the software industry. - Business has all the required incorporation documents.

- Our business is engaged in selling and distributing branded FMCG products through our own e-commerce platform and other platforms as well. - We have tied-up with 12 famous FMCG brands and source the products directly from the brands. - Have a database of 7,000 + customers, we receive 100 to 200 visitors per day for our products in total on all the platforms. - Currently, we are selling through our own website and 12 other e-commerce platforms in Nigeria. - On average, we receive a total of 75 to 100 orders per day, out of which 25 orders come from our own website. - The business has an outstanding loan of NGN 75 million. - The business has 4 owners, one has 85% ownership stake, and the rest own 5% stake each. - We have been present in this market for around over 7 years and have seen 200% growth since 2018.

- Online travel agency specialized in the design of trips for its travellers. - We receive currently 5 bookings on a daily basis. Have successfully planned for 50 customers to date. - Our growth rate increases up to 5% each month. - We cater holiday packages to many destinations around the world as Cotonou, Dubai, Paris, New York, Mykonos, Prague, Rio de Janeiro, Nairobi, Johannesburg, Dakar, Abidjan, Miami, Ibiza, and Cancun. - We charge a commission of 20% on each booking that happens through the website. - Flights, accommodation, and transport are all included in the packages. - The promoter has 14 years of experience. - Company has 1 director and has no debts or liabilities.

- Uganda-based FinTec company that has been operational for 8 years. - We've grown our revenue by 1,091% over the past 1 year as a result of the launch of our next version of the app and the onboarding of international lenders. - We've grown our matched portfolio by 684% from UGX 119,500,117 to UGX 937,473,272 with unserved loan requests of over UGX 2 billion due to insufficient lender funds. -We operate an average P. A. R. of 15% across our lender's portfolios all firmly secured with collateral sufficient to recover this P. A. R. in the event we executed recovery by disposal. - 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. - Many of our registered lenders are Ugandans in the diaspora allowing them the opportunity to tap into business opportunities back home in Uganda. -Our app has an in-built credit rating system that will play an instrumental role in Uganda's Tier IV credit finance industry which presently does not have any credit reference bureau or information centre point. - The business hires contract employees when required.