Social Lender is a micro-finance solution based on social reputation on mobile, online and social community platforms. The solution is designed to bridge the gap of immediate fund access for people with limited access to formal credit. Social Lender uses its own proprietary algorithm to perform a social audit of the user on social media, online and other related platforms and gives a Social Reputation Score to each user. Micro-credit are guaranteed by the user’s social profile and network allowing users to then borrow from banks and other financial institutions based on their social reputation. Social Lender currently has over 100,000 registered users with a less than 4% default rate. Users can withdraw requested cash loans via existing banking channels including bank accounts and mobile money. Social Lender is patent-pending and licensed to financial institutions in the countries of operation. Social Lender Inc is a company created to operate, manage and license the solution in the various countries of operation.
View Top Employees from Social LenderWebsite | http://www.sociallenderng.com |
Revenue | $6 million |
Employees | 6 (6 on RocketReach) |
Founded | 2014 |
Technologies |
JavaScript,
HTML,
PHP
+25 more
(view full list)
|
Industry | Financial Services, Banking, Financial Technology, Finance, Lending, Microcredit Based On Social Reputation, Mobile, Social Media, Internet Services, Media and Entertainment |
Web Rank | 3 Million |
Keywords | Social Lending Sterling Bank, Social Media To Borrow Money, Social Lender Nigerai |
SIC | SIC Code 614 Companies, SIC Code 61 Companies |
NAICS | NAICS Code 5222 Companies, NAICS Code 522 Companies, NAICS Code 52 Companies |
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The Social Lender annual revenue was $6 million in 2023.
Oyebade Adesemowo is the Founder of Social Lender.
6 people are employed at Social Lender.
Social Lender is based in Lagos, Lagos.
The NAICS codes for Social Lender are [5222, 522, 52].
The SIC codes for Social Lender are [614, 61].