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.
Shara Product Overview
Is Shara Right for You?
Liners prepares and updates these highlights as product information changes. Editorial standardsBest For
- Nigerian SMEs
- Working capital needs
What It Does Well
- Collateral-free business loans
- Up to ₦10M limits
Things to Check
- Eligibility requirements
- Approval timeline
About Shara
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.
Shara Facts
Liners compiles product facts from official websites, app stores, documentation, trusted public sources, and details shared by product teams during editorial review. We also consider crowdsourced updates when they include verifiable evidence, and refresh facts as information changes. How we source dataAs of Oct 5, 2026, Shara is rated 3.9 on Google Play from 533 reviews with 50K+ installs.
Recent Reviews for Shara
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Shara Funding History
Liners compiles funding history from company announcements, investor records, and trusted reporting. We refresh it as new rounds are confirmed. How we source dataShara has raised $6M across 2 recorded funding events. The latest was Seed in Sep 2021.
- Total Raised:
- $6M
- Latest Round:
- Seed
Shara Investors & Funding Rounds
Shara Founders & Leadership Team
Liners compiles leadership profiles from official company pages, professional profiles, and trusted public sources. We refresh them as teams change. How we source data
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Latest Shara News & Updates
Liners collects product news from official company updates and trusted publications. We refresh coverage as new articles are published. How we source dataJobs at Shara
| Title | Posted |
|---|---|
| SME Loan Officer | Jun 30, 2026 |
Frequently Asked Questions About Shara
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.
Shara operates in Nigeria and Kenya.
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.
Yes, Shara is available on Android. Get Shara on Google Play for Android.
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.
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