The Competition and Consumer Protection Commission has disclosed that a total of 131 companies have registered and been approved to operate in Nigeria as digital money lenders, popularly known as loan apps.
These registrations and approvals are ahead of the March 27, 2023 deadline.
However, only 92 of the 131 companies have secured full approvals, while the remaining 39 secured conditional approval as of February 28, 2023.
The FCCPC last year gave all the money lenders operating in Nigeria 90 days to get registered in compliance with its guidelines, but the agency later extended the deadline which expired on November 14 2022 to January 31, 2023.
The commission cited that “several DMLS have not yet provided all relevant documentation to complete registration process”
Google acting on FCCPC’s instruction told all loan apps operating in Nigeria to get approval documents from FCCPC or risk removal from playstore and App Store, effective from January 31, 2023, but following FCCPC’s new deadline, Google moved to March 27.
Here are the names of approved digital money lenders
1. Sycamore Integrated Solutions Limited
2. Trade Depot
3. Tajow Investment
4. Blue Ridge Microfinance Bank Limited
5. Grolatech Credit Limited
6. Branch International Financial Services Limited
7. P2vest Technology Limited
8. Creditwave Finance Limited
9. Keenest Tech Service Limited
10. Fairmoney Micro Finance Bank
11. Altracred Finance Investment Limited
12. Crevance Credit Limited
13. Menacred Company Limited
14. Afrowide Development Ltd
15. Red Planet Nigeria Limited
16. Afrofirst Mobile And Technology Company Limited
17. Rankcapitals Limited
18. Ibs Golden Investment Company Limited
19. Lendvisery Services Limited
20. Renmoney Microfinance Bank Limited
21. Swipebill Technologies Nigeria Limited
22. Hometown Fintech Limited
23. Giasun Technology Nigeria Limited
24. Be Resources Limited
25. Rockit Lenders Nigeria Limited
26. Pivo Technology Limited
27. Yes Credit Company Limited
28. Fubril Century Limited
29. Irorun Technologies Limited
30. Csense Limited
31. Supreme Help Cooperative Society Limited
32. Orcom And Orcom Bussiness Support Limited
33. Payhippo Limited.
34. Easycheck Finance Investment Limited
35. Quark Financial Nigeria Limited
36. Edmond Solutions Company Limited
37. Ted Rocket Limited
38. Penaid Limited
39. Arve Limited
40. Dover Credit Limited
41. Ragekay Global Investment Limited
42. Maywood Lending Limited
43. Linkpark Technology Nigeria Limited
44. Mangnet Lending Limited
45. Rubystar Global Limited
46. Bestfin Nigeria Limited
47. Fubri Century Company Limited
48. Berly Spring Global Limited
49. Rock Financials Limited
50. Phoenix Payment Solution Limited
51. Afrowide Development Limited
52. Red Planet Limited
53. Value Driver Technology Solution Limited
54. Nextpayday Limited
55. Blackcopper Service Limited.
56. Trafalgar Associate Limited.
57. Windville Financial Nigeria Limited.
58. Orange & Purple Credit Limited.
59. Carbon Microfinance Bank Limited.
60. Neo-Link Technology Company Limited.
61. Finnew Fintech Limited.
62. Otp Internet Technologies.
63. Red Harbor Fintech Limited.
64. Paylater Hub Limited
65. Skitloan Nigeria Limited
66. Raceova Nig. Limited
67. New Credage Nigeria Limited
68. Betterlending Company Limited
69. Fast-Point Integrated Limited
70. Apex Lending Limited
71. Piska Tech Nigeria Limited
72. Princep Credit System Limited
73. Omalend Service Limited
74. Pockful Finance Limited
75. Highcredit Nigeria Limited
76. Hollandale Nigeria Limited
77. Pay Financial Technology Service Limited
78. A1 Capital Solution Limited
79. Newedge Finance Limited
80. Papichou Technology Limited
81. Goharvest International Limited
82. Mino Sparks Limited
83. Xgo Finance Limited
84. Primera Microfinance Bank
85. Credit Tech Lending Company
86. Prosperity Archipelago Limited
87. Finesest Limited
88. Singularity Technology Nigeria Ltd
89. Econ Mart Fintech Limited
90. Pennee Technologies Limited
91. Oxymon Solution Limited.
92. Lantana Technology Limited
Conditional Approval
1. Tripodbase Limited
2. Owoafara Fintech Service
3. Ajax Lending Limited
4. The Platform Digital Network Limited
5. Zippy Capital Limited
6. Lending Edge Limited
7. Lendha Technologies Limited
8. Doja Lemaire Global Limited
9. Paydayhub Online Nigeria Limited
10. Retail Booster Limited
11. Fezotech Nigeria Limited
12. Citadele Capitals Limited
13. Fewchore Finance Company Limited
14. One Payout Limited
15. Lidya Global Limited
16. Kwaba International Limited
17. Finpadi Technologies Limited
18. Umba Digital Solutions Limited
19. Fintrade Solutions Limited
20. Aella Financial Solutions Limited
21. U Technology
22. Stellar Finance Limited
23. Dash Innovations
24. Grit-Tech Limited
25. Flowood Lending Limited
26. Caelum Technologies Limited
27. Niz Services Limited
28. Unthinking Nigeria Limited
29. Eaton Hill Investment Limited
30. Regxta Global Services Limited
31. Creditpro Business Support Services Ltd
32. Muska Tech Limited
33. Uc Plus Advance Limited
34. Helppo Africa Limited
35. Renners Investment Limited
36. Pebble Financial Tech. Limited
37. Kiakia Bits Limited
38. Wealthbridge Capital Partners Limited
39. Trivista Capital Limited