What is Shara and how does it work?

Shara is a financial platform that helps merchants and SMEs grow their businesses by offering collateral-free financing to trusted customers, allowing them to make purchases and pay back in installments. Merchants register once with basic business information and bank statements, then access repeat loans based on repayment history and revenue growth, with no hidden fees, admin costs, or guarantors required.

What countries does Shara operate in?

Shara operates in Nigeria and Kenya.

How do I sign up for Shara?

Download the Shara app or share your contact details on the website. Provide basic business information, such as whether you are a sole trader, partnership, or limited company, along with your bank statement; the team will review your application and contact you with a decision.

Does Shara have a mobile app?

Yes, Shara is available on Android. Get Shara on Google Play for Android.

Who is Shara best suited for?

Shara is best suited for merchants, sole traders, partnerships, limited companies, and SMEs in emerging markets seeking collateral-free financing to offer credit to trusted customers.

How do I contact Shara support?

You can contact Shara by emailing support@shara.co or through the contact form available on their official website.

Shara

🇳🇬 Nigeria

A Nigerian fintech app that offers collateral-free business loans up to ₦10M for SMEs, with revolving credit, fast approval, and interest charged only on funds drawn.

Use it on:Web Android· 3.9

Is Shara right for you?

Best for

Nigerian SMEs
Working capital needs
Short-term cash gaps
Repeat borrowers
Loan without collateral

What it does well

Collateral-free business loans
Up to ₦10M limits
Revolving credit line
Fast approval
Pay interest on draws

Things to check

Eligibility requirements
Approval timeline
Repayment terms
Interest rate details
Drawdown process

Shara is a fintech lending platform that provides collateral-free business loans to SMEs in Nigeria, helping merchants access working capital and growth financing without collateral or guarantors.

Key capabilities include:

Business loans up to ₦10M, positioned for Nigerian sole traders, partnerships, and limited companies
Revolving credit line, where borrowers pay interest only on funds drawn, with repeat access tied to repayment history and verifiable revenue growth
In-app loan estimate calculator to get an estimate in seconds before applying
Application requirements and review, including basic business information and bank statements, with typical approval timelines of 48 hours to 2 weeks

Available via Web and Android (Google Play).

Built for Nigerian SMEs and merchants that need short-term financing to stock inventory, meet supply demands, and manage cash flow, including businesses in categories such as processed foods, consumer electronics, FMCG, and building materials. It is notable in Nigeria’s SME finance market for reporting over ₦50BN disbursed, 100k loans taken, and 7,000+ businesses served, plus support for merchant installment purchase financing (BNPL-style) by funding trusted customers.

As of Jun 22, 2026, Shara is rated 3.9 on Google Play from 531 reviews with 50K+ installs.

Social Links:

Categories:

Fintech

Features & Business Model:

b2b lending

Frequently Asked Questions About Shara

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DD Dave found that Shara has raised $6M across 2 rounds, backed by 10 investors. Their latest round was a Seed in Sep 2021. See how we get product data