">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Thursday, February 25, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Startups

FINT: Peer-to-Peer Lending Marketplace for Business Owners

Christie Uzebu by Christie Uzebu
4 years ago
in Startups
4 min read
0

Accessing funds for business still a major problem for Nigerian businesses. Though, there are investors looking to put their money in a startup, finding them is a big issue. Getting loans from financial institutions is even more stressful.

Chiwete John-Njokanma, founder of FINT want to make it easier for both business owners and investors

Through his platform, FINT, a peer-to-peer lending marketplace, he aims to provides business owners with access to affordable credit, and enable investors find businesses in need of loans.

FINT connects borrowers to investors who are looking to make attractive returns from investing in such loans.

To use the platform, users indicate whether they are in need of finance or want to invest. Those who are looking to access funds, are screened through a national credit agency, xds Credit Bureau, and an in-house proprietary risk algorithm that determine the borrower’s credit-worthiness and interest rate (believed to be in the range of 24% -37%) respectively.

Once accepted, the borrower’s loan request is uploaded on the online platform to reach full funding in a given time period, whereby one or more investors (individual or institutions) invest, based on their portfolio demands and investment criteria.

Investors earn returns from monthly loan repayments (principal + interest) made by the borrower over the span of the specified loan period.

Related posts

Imperial Group acquires South African eCommerce logistics business ParcelNinja

February 24, 2021
0

SA’s TymeBank raises $109 million to launch a digital bank in the Philippines

February 24, 2021
0

Spotify, the popular audio streaming subscription service launches in Africa

February 24, 2021
0

Nigeria’s CcHUB Syndicate invests $267,500 into Oneport 365, Stears Business & Taeillo

February 23, 2021
0

For a startup with this kind of model, one thing that might come as a drawback is being able to convince investors to actually come in and loan out their money to unknown people.

READ  Nigerians Launch Leadpath , a 1.5 Million Dollar Accelerator Fund In Lagos

But with security and screening measure that can assure investors that they are in safe hands, then FINT has a great chance of winning hearts. Also, given the pressing challenge of funds faced by business people, FINT sounds like a great solution, and we can’t wait to see how it scales.

 

Readers 1,576

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: BusinessFINTFundInvestorsNigeriaSTARTUPstartups
Christie Uzebu

Christie Uzebu

Related Posts

Startups

Imperial Group acquires South African eCommerce logistics business ParcelNinja

February 24, 2021
0
Startups

SA’s TymeBank raises $109 million to launch a digital bank in the Philippines

February 24, 2021
0
Business

Spotify, the popular audio streaming subscription service launches in Africa

February 24, 2021
0
Startups

Nigeria’s CcHUB Syndicate invests $267,500 into Oneport 365, Stears Business & Taeillo

February 23, 2021
0
Startups

Kikao64, a new co-working space by the Biwott family launches in Eldoret to help startups grow

February 23, 2021
0
Startups

SA’s SearchShop brings you transparent information to make better financial choices

February 23, 2021
0
Business

CrossBoundary raises funding from US’s Brown Advisory to finance mini-grids across Africa

February 22, 2021
0
Startups

Tony Elumelu Foundation Entrepreneurship Programme Application Deadline Set for 31st March

February 22, 2021
0

ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

android-10-logo

Google Has Announced New Features That Will Be On New And Old Android Devices Soon

February 25, 2021
nokia-image

Nairobi Court Has Summoned Former Nokia CEO For Illegally Collecting Tax Information Of A Kenyan Tech Company

February 25, 2021
A salesman checks a customer's iPhone at a mobile phone store in New Delhi, India, July 27, 2016. REUTERS/Adnan Abidi

iPhone Is Number One In Global Smart Phone Sales

February 24, 2021
uber

UK Court Confirms Uber Drivers Are Have A More “Employee” Type Relationship

February 24, 2021

How to send and receive text messages to your PC without a cell phone

February 24, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: