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22 Best Startups Innovating in the Micro Lending Space

Image by DarkmoonArt_de from Pixabay

This 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

Follow this startup or buy their offering:

Crunchbase

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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

Follow this startup or buy their offering:

Crunchbase

Website

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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

Follow this startup or buy their offering:

Crunchbase

Website

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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

Follow this startup or buy their offering:

Crunchbase

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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

Follow this startup or buy their offering:

Crunchbase

Website

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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

Follow this startup or buy their offering:

Crunchbase

Website

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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

Follow this startup or buy their offering:

Crunchbase

Website

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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

Follow this startup or buy their offering:

Crunchbase

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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

Follow this startup or buy their offering:

Crunchbase

Website

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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

Follow this startup or buy their offering:

Crunchbase

Website

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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

Follow this startup or buy their offering:

Crunchbase

Website

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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

Follow this startup or buy their offering:

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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

Follow this startup or buy their offering:

Crunchbase

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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

Follow this startup or buy their offering:

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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

Follow this startup or buy their offering:

Crunchbase

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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

Follow this startup or buy their offering:

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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

Follow this startup or buy their offering:

Crunchbase

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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

Follow this startup or buy their offering:

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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

Follow this startup or buy their offering:

Crunchbase

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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

Follow this startup or buy their offering:

Crunchbase

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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

Follow this startup or buy their offering:

Crunchbase

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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

Follow this startup or buy their offering:

Crunchbase

Image by Gerd Altmann from Pixabay

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