LendPadi

LendPadi Is an online platform that seeks to serve the population who are underserved by banks and traditional lenders. (padi means friend)
  • Sector Financial & payment services
  • Country Nigeria
  • Founding date August 2020
  • Stage Idea
LendPadi Is an online platform that seeks to serve the population who are underserved by banks and traditional lenders. Lend Padi creates an opportunity for individuals to lend money to people they know.
LendPadi is a peer to peer lending platform that anybody can use to lend or borrow money

General

Sector
Financial & payment services
Category
Consumer
Product usage or interact
Mobile/Tablet (iOS), Mobile/Tablet (Android))

Business

Customer acquisition strategy
* Digital campaigning and awareness (Facebook ads, google ads, and Linkedin ads)
* University Campus tour and gigs
Revenue model
* Lending processing fees
* Transaction processing fees

Market info

Market size
$3,365,242,400

Total early investment
$400,000
Shareholder structure
Owner type
Name
Equity
Oscar Itaba
Founder
% 19
Kayode Ilesanmi
Co-Founder
% 17
Olayinka Okewale
Co-Founder
% 15
Employees
Employee stock option
% 5
Others
Other
% 44
Investment round
Angel Investment
Investment amount
$400,000
Equity on offer
% 5.0

Team

Oscar Itaba  - Nigeria
Kayode Ilesanmi  - Nigeria
Olayinka Okewale  - Nigeria
Total team member
5
Comment
Last update: 07.10.2020