LiteFi

LiteFi is a Nigeria-based fintech platform that offers consumer and SME loans plus investment products for individuals, salary earners, and small businesses that may not fit traditional bank requirements.

Key capabilities include:

• Data-driven loan approvals that review financial and non-financial data, not only bank statements, with a hybrid process that can include field verification for SME lending.
• Multiple loan products tailored to common needs in Nigeria, including salary earner loans for vetted employees, auto loans for car dealers and vehicle owners (using a car as collateral), and SME and business loans for traders and small businesses.
• Free credit history and score checks to help users understand lender-facing credit ratings and identify potential errors.
• Investments with visible terms, including money market instruments and commercial papers, plus Flex Investment (free withdrawals) and Goal Investment plans. The platform also provides an investment calculator and issues an investment certificate per purchase, with KYC and AML checks before execution.

Available on Web via the application portal at app.litefi.ng.

Built for Nigerian consumers, salary earners, SMEs, market traders, and corporate employees seeking access to credit and clear investment options.

Notable in Nigeria’s fintech market for combining digital applications with local verification, operating under a consumer credit license, and emphasizing transparent terms and disclosed investment details (issuer, tenor, risk rank) for borrowers and investors.