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VeendHQ | Company profile, Business Model, and Operations

Recieved Funding?
yes
Type of Funding
Venture capital, Equity capital
Number of Funding Phases
2
Business Type
Private Company

All you need to know about 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.

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:

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
Related Topics


Industry

Ebenezer Ajayi
Olufemi Olanipekun

VeendHQ
Business Model

The Company major services and product include: Consulting Credit Financial Services FinTech

The Company was Founded
The Company was established on
January 1, 2021
HeadQuarters
The Company has its Operational Headquarters at 16 Idowu Martins Street Victoria Island, Lagos, Nigeria
Industry
The Company is contributing to the development of the Industry Finance, FinTech
Staff Strength since Inception
The Company prides in her team member of about 1 - 50 active members

VeendHQ Business Model

The Company major services and product include: Consulting Credit Financial Services FinTech

yes
Have they recieved Funding from VCs
yes
Have they recieved Funding from VCs
yes
How many number of Funding rounds?
0K
Company Net worth as of 2023

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