Monday, September 22, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Funding

Trade Lenda, a fintech startup in Nigeria, secures a $520,000 pre-seed funding. 

Tech Gist Africa by Tech Gist Africa
02/04/2023
in Funding, News - West Africa
0 0
0
Trade Lenda Nigeria

Trade Lenda Nigeria

0
SHARES
Share on FacebookShare on Twitter

Trade Lenda, a Nigerian fintech startup that provides access to financing for micro, small, and informal retailers’ business needs, has secured US$520,000 in pre-seed funding to accelerate its expansion. 

Sovereign Capital, ARM Labs, and Expert Dojo, all of which have an interest in the African continent, as well as a few angel investors in Nigeria, provided the funds. 

The Lagos-based Trade Lenda was founded in 2021 to assist small businesses in obtaining quick and affordable credit with no upfront collateral within six hours. 

For small businesses in need of fast and efficient financing, the startup has developed a data-driven credit-scoring tool that assesses both character and capacity. 

“Growing up, I had first-hand knowledge of how small businesses may play a crucial role in determining the future of which I am a part. My mother was a store. According to Adeshina Adewumi, CEO of Trade Lenda, “This is one of the things that drives us because we fully understand that we can support today with our combined experience the millions of women like my mother who would go on to support their families at home. 

With over US$2 million in disbursements and an average disbursement period of less than six hours, the startup has so far given credit to over 1,500 firms. 

The startup intends to increase revenues 10 times in 2023 thanks to the current funding round.

 

Read more on Tech Gist Africa:

Releaf, a Nigerian agri-tech startup, has raised $3.3m in a pre-Series A funding round

Taeillo, a Nigerian startup, has raised $2.5 million in funding

Orda, a restaurant management startup in Nigeria, secures a $3.4 million seed funding round

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

The Invigilator South Africa
Funding

The Invigilator, a South African ed-tech startup  Raises $11 Million to Transform Remote Exam Monitoring

by Tech Gist Africa
09/12/2025
0

South African ed-tech startup The Invigilator has closed an $11 million funding round (about ZAR 195 million) to scale its...

Read more
Alibaba China

Alibaba Group Holding announced plans to raise about US$3.2 billion

09/11/2025
Intella Egypt

Intella, an Egyptian startup Scores $12.5M Series A to Power Arabic Speech AI Across MENA

09/11/2025
Temidayo Isaiah Oniosun Nigeria

Temidayo Oniosun Launches Nigeria’s First Egusi Seeds to Space

09/11/2025
REdimension Capital South Africa

REdimension Capital Secures $13.8 Million to Transform South Africa’s Proptech Landscape

09/04/2025
Next Post
Africa Tech Summit Nairobi 2023

14 startups have been selected to pitch live at the Africa Tech Summit in Nairobi

Freightify India

Freightify secures $12M

Aiir Innovations Netherlands

Amsterdam’s Aiir Innovations bags €2.1M

No Result
View All Result

The Big 5

Gitex Nigeria 2025

Nigeria’s Digital Moment: Key Takeaways from GITEX Nigeria 2025

by Tech Gist Africa
09/11/2025
0

...

Itana Nigeria

Itana Opens Applications for Digital Residency Launchpad

by Tech Gist Africa
09/11/2025
0

...

Africa’s Business Heroes 2025

Africa’s Business Heroes Names 20 Finalists for $1.5M 2025 Prize

by Tech Gist Africa
09/11/2025
0

...

Innovation Process

Djezzy Launches Open Innovation Challenge 2025 to Drive Inclusive Digital Transformation in Algeria

by Tech Gist Africa
09/11/2025
0

...

Temidayo Isaiah Oniosun Nigeria

Temidayo Oniosun Launches Nigeria’s First Egusi Seeds to Space

by Tech Gist Africa
09/11/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.