Lendigo

Lendigo is a digital lending platform that provides collateral-free business loans to small and medium enterprises (SMEs) in Nigeria, including traders, distributors, auto dealers, e-commerce merchants, and POS agents.

Key capabilities include:

• Unsecured loan offers starting from ₦100,000, with sector-specific facilities that can extend up to ₦20,000,000 depending on the business type.
• Fast application and disbursement, with processing and payout typically completed within 24 to 48 hours after applying.
• Sector-tailored lending for small business owners (retail, trading, and professional services), auto dealer financing, e-commerce merchants (including merchants selling on platforms such as Jumia, assessed using recent sales data), FMCG distributors (Key-Distributors and Sub-Distributors financing purchase orders to manufacturers), and POS agents.
• Short-term repayment options, with 1 to 6 months repayment terms, early repayment supported, and monthly interest rates from 3.5% to 4% depending on the facility; processing or commitment fees apply (typically 0.5% to 1% of the loan amount).

Available on Web (via https://app.lendigo.ng/login) and Android.

Built for Nigerian SMEs that need working capital for inventory, supplier orders, dealership stock, or day-to-day operations, especially businesses with measurable cash flow and transaction history.

It is notable in Nigeria’s SME finance market for focusing on performance and transaction-based assessment rather than collateral requirements, and for reporting ₦6b+ in loans disbursed to 2.5k+ unique customers and 2k+ SMEs (operated by Drance Nigeria Limited).