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VeendHQ
| Business Description | Company Details |
|---|---|
| Official Website | https://veendhq.com/ |
| Headquaters | 16 Idowu Martins Street Victoria Island, Lagos, Nigeria |
| Country | Feautured, Nigeria |
| Company's Networth | $450K |
| Business Type | |
| Year Founded | 2021-01-01 |
| Company Email | support@veendhq.com |
| Company Size | 1 - 50 |
| Co-Founder(s) | Olufemi Olanipekun |
| Recieved Funding? | yes |
| Number of Funding rounds | 2 |
| Funding Type | Venture capital, Equity capital |
| Venture Capitalist | Techstar, Magic Fund, The Oak Capital, Berrywood Capital, Future Africa, and First Circle Capital |
| Industry | Finance, FinTech |
| Specialty | |
| Linkedin Profile | https://www.linkedin.com/company/veendhq |
VeendHQ primarily serves financial institutions and merchants. It was founded in 2021 by Olufemi Olanipekun and is based in Lagos, Nigeria.
It aims to democratize credit access in Nigeria and Africa by providing individuals and businesses with seamless, on-demand financial solutions. The company has processed over $20M in transactions and serves more than 300,000 customers.
VeendHQ offers a range of loan products, including payroll loans, buy-now-pay-later options, and energy finance solutions.
Backed by Techstars, the company focuses on innovation, trust, and solving real problems to enhance customer experiences and drive financial prosperity in Africa.
For more details, visit their About Us page.
Why Choose Veend?
Veend is enabling fast, easy and convenient online credit on-demand. The following are why you should choose VeendHQ:
1. Easy Loan Application Process
Applying for online loans has never been this easy. Veend loan application process is simple, fast, and designed with your convenience in mind.
2. Instant Loan Disbursement, No Collateral
Get an instant loan when you need it. Apply with no collateral, no guarantor and get the money in less than 5 minutes with no delay.
VeendHQ Logo
3. Customised Personal Loan Offer
Enjoy personal loan offers up to 12 months that align with your unique preference and financial goals.
4. Flexible Repayment and Loan TopUp Options
Get an online loan with flexible repayment directly from source of income. Also, you can unlock the top up option by consistently completing loan repayment.
5. Instant Eligibility and Loan Balance Check
Check your loan balance and eligibility status effortlessly from both web and mobile phone.
6. 24/7 Customer Support
We are available 24/7 to provide the support you need for successful loan application and repayment.
Our Mission
To help Individuals and Businesses access finance on demand.
Our Vision
Access to finance will unlock prosperity in Africa. The African Economy needs capital to thrive. Individuals need a higher spending power and businesses need to invest more capital to scale.
Core Values
The core values we believe in our company are:
- Building trust
- Communicating respectfully and effectively
- Getting things done quickly
- Solving real problems with innovation
- Creating the best experience for customers
Products and Services by VeendHQ
The following are the products by VeendHQ:
- Federal Government Worker Loan
- Remita Payroll Loan
- Buy Now, Pay Later
- Energy Finance
- Venture Loan for Federal Government Workers
Business Model
Their revenue generation strategies include:
- Lending Services: VeendHQ facilitates loans for individuals and businesses, earning revenue through interest charges and fees on loan disbursements.
- Veend Prime: Launched in March 2023, Veend Prime focuses on enhancing value for existing customers, resulting in a significant 180% revenue growth within a month1.
- Techstars Backing: In November 2023, Veend joined the prestigious ARM Lab Lagos Techstars Accelerator program, securing additional investment and further boosting revenue
