Harris KhanThis article showcases Welp Magazine’s top picks for the best ‘Micro Lending’ startups. These startups are taking a variety of approaches to innovating in the Micro Lending industry, but are all exceptional startups well worth a follow.
We selected these startups for exceptional performance in one of these categories:
- Innovation
- Innovative ideas
- Innovative route to market
- Innovative product
- Growth
- Exceptional growth
- Exceptional growth strategy
- Management
- Societal impact
Welp Magazine hosts a yearly startup award honouring the most outstanding entrepreneurs and high-growth businesses in the world. If you want to enter your startup to be in the running for the top startup of 2021 or learn more about our competition click here.
1. Get it Done Now
The idea behind this startup: African E-Commerce Platform for Services, Loans, Insurances. All in One App.
Headquarters: Lagos, Lagos, Nigeria
Industries: Credit, E-Commerce Platforms, FinTech, Food Delivery, Insurance, Lifestyle, Micro Lending, Mobile Payments, Professional Services, Service Industry
Founders: Akinbode Ademola Bamgboye, Alberto Rodriguez Fernandez
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2. Invygo
The idea behind this startup: Invygo is an app-based car subscription company that gives customers an access to dealership verified cars.
Headquarters: Dubai, Dubai, United Arab Emirates
Industries: Car Sharing, Information Technology, Micro Lending, Rental, Subscription Service
Founders: Eslam Hussein, Pulkit Ganjoo
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3. Pocketly
The idea behind this startup: Pocketly is a microlending platform for college students.
Headquarters: Bengaluru, Karnataka, India
Industries: Internet, Micro Lending
Founders: Aarav Bhatia
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4. Cheq
The idea behind this startup: Reinventing the way people access their wages, budget and manage their finances, to increase financial wellness and happiness 😀
Headquarters: Sydney, New South Wales, Australia
Industries: Apps, Consumer Lending, Financial Services, FinTech, Micro Lending, Personal Finance
Founders: Dean Mao, Tarek Ayoub
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5. Credify
The idea behind this startup: We reduce fraud in online ecosystems while also unlocking new revenue opportunities through our blockchain based Credify Universal Identity.
Headquarters: Singapore, Central Region, Singapore
Industries: Blockchain, E-Commerce, FinTech, Lending, Micro Lending, Reputation, Software
Founders: Makoto Tominaga, Shuichi Nagao
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6. Lenme
The idea behind this startup: Lenme is the subscription-based peer-to-peer lending platform in the small amount loan market.
Headquarters: Oakland, California, United States
Industries: Consumer Lending, Financial Services, FinTech, Lending, Micro Lending, Personal Finance
Founders: Albert Mansour, Beshoy Louka, John Hakim, Mark Maurice
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7. Baubap
The idea behind this startup: Baubap is a developer of a microlending financial platform designed to offer personal loans.
Headquarters: Mexico City, Distrito Federal, Mexico
Industries: Big Data, Consumer Lending, Financial Services, FinTech, Lending, Micro Lending
Founders: Luis Villarreal, Roberto Salcedo
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8. FaaStrak
The idea behind this startup: Finally Making Equipment Leasing & Financing Easy!
Headquarters: Charlotte, North Carolina, United States
Industries: Commercial Lending, Finance, Financial Services, FinTech, Leasing, Lending, Micro Lending, SaaS
Founders: Jeff Brokaw, Ken Brokaw
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9. Cedar Credit Builder
The idea behind this startup: Cedar Credit Builder is a Financial Services company that specializes in consumer lending, finance, and credit building.
Headquarters: Luverne, Minnesota, United States
Industries: Banking, Consumer Lending, Finance, Financial Services, Lending, Micro Lending
Founders: Adam Finke, Adam Finke
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10. PowerErn
The idea behind this startup: Financing Solar Energy Solutions for High-Impact Communities via blockchain-based Micro-Investing Ecosystem
Headquarters: Dubai, Dubai, United Arab Emirates
Industries: Blockchain, Energy, Financial Services, FinTech, Micro Lending, Solar
Founders: Unknown
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11. Sakam
The idea behind this startup: Microfinance marketplace connected established lenders to end microfinance users
Headquarters: Phnom Penh, Phnum Penh, Cambodia
Industries: Financial Services, FinTech, Marketplace, Micro Lending, Natural Language Processing
Founders: Unknown
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12. Nocofio
The idea behind this startup: Connecting Finance With Farmers
Headquarters: Accra, Greater Accra, Ghana
Industries: Business Development, Financial Services, Micro Lending, Small and Medium Businesses
Founders: Akwasi Tagoe, Lovell Larbie
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13. BetaStore
The idea behind this startup: We are helping small retailers to source inventory and get financing
Headquarters: Lagos, Lagos, Nigeria
Industries: B2B, E-Commerce, Logistics, Micro Lending, Supply Chain Management
Founders: Unknown
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14. Kashat
The idea behind this startup: Kashat is the first of its kind mobile app in Egypt designed to help micro businesses owners with small loans and other financial services
Headquarters: Cairo, Al Qahirah, Egypt
Industries: Big Data, Financial Services, FinTech, Information Technology, Micro Lending, Mobile
Founders: Sumair Farooqui
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15. Sumotrust
The idea behind this startup: A savings and investment company for low and middle class earners
Headquarters: Abuja, Federal Capital Territory, Nigeria
Industries: Banking, Debit Cards, Finance, Financial Services, FinTech, Internet, Micro Lending, Personal Finance
Founders: GT Igwe Chrisent
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16. Fingage
The idea behind this startup: SAAS,FinTech, India, Compliance,Lending
Headquarters: Bengaluru, Karnataka, India
Industries: Billing, Compliance, FinTech, Micro Lending, Payments, SaaS
Founders: Shubham Khandelwal
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17. Timshel
The idea behind this startup: Timshel is an online lending company that offers musical artists revolving credit lines using AI technologies.
Headquarters: Unknown
Industries: Artificial Intelligence, Financial Services, FinTech, Lending, Micro Lending, Music
Founders: Bradfield Biggers
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18. Liridi
The idea behind this startup: Liridi is an online platform where micro-sized enterprises could access micro-loans in e-money format available on a smartphone or a tablet.
Headquarters: London, England, United Kingdom
Industries: Finance, Financial Services, FinTech, Micro Lending, Payments
Founders: Kirill Maluka, Muditha Hettigama, Vasily Zinoviev, Vladislav Lurye
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19. Gratyfi
The idea behind this startup: Fintech & E-commerce
Headquarters: New York, New York, United States
Industries: E-Commerce, E-Commerce Platforms, Employee Benefits, Financial Services, FinTech, Human Resources, Micro Lending, Personal Finance, Risk Management, Shipping, Shopping
Founders: Paul Caruso
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20. Payra
The idea behind this startup: Payra harnesses the advantages of a blockchain-enabled platform to bring solution to unbanked personnel.
Headquarters: Singapore, Central Region, Singapore
Industries: Apps, Big Data, Debit Cards, FinTech, Micro Lending, Mobile, Mobile Payments, Predictive Analytics
Founders: Allen Tan Chee Hoe
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21. Flynance Air
The idea behind this startup: Flynance allows users to book airline tickets for 25% down and repay their ticket in smaller increments up to their departure.
Headquarters: Unknown
Industries: Micro Lending, Travel
Founders: Spenser Sembrat
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22. Loanalytic
The idea behind this startup: Crowdfunding Tech Microfinancing Startup
Headquarters: Unknown
Industries: Crowdfunding, Financial Services, FinTech, Micro Lending
Founders: Unknown
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