Also known as: PayHippo
Loans to Nigeria's SMEs in under 3 hours
Company is active
Event Year: 2021
Company is active
Event Year: 2021
Payhippo is dedicated to providing rapid access to capital for small and medium-sized enterprises (SMEs) across Africa. Specifically focusing on Nigeria, Payhippo offers loan solutions with an impressive turnaround time, disbursing funds in under three hours. This efficiency empowers businesses to seize opportunities and manage their finances effectively. In July 2021, the company generated $42,000 in revenue within Nigeria, demonstrating substantial market traction. Furthermore, Payhippo experienced a robust monthly growth rate of 25%, coupled with an exceptional loan repayment rate of 97%, highlighting the viability and sustainability of their lending model.
Payhippo is dedicated to providing rapid access to capital for small and medium-sized enterprises (SMEs) across Africa. Specifically focusing on Nigeria, Payhippo offers loan solutions with an impressive turnaround time, disbursing funds in under three hours. This efficiency empowers businesses to seize opportunities and manage their finances effectively. In July 2021, the company generated $42,000 in revenue within Nigeria, demonstrating substantial market traction. Furthermore, Payhippo experienced a robust monthly growth rate of 25%, coupled with an exceptional loan repayment rate of 97%, highlighting the viability and sustainability of their lending model.
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2021
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2021
Fintech
Fintech
Fintech -> Credit and Lending
Fintech -> Credit and Lending
Team size: 11
Hiring: No
Team size: 11
Hiring: No
