LendTech

Kiakia Launches New Office, Disburses N1.2B Loans in Three Years

Co-founder Kiakia, Olajide Abiola

KiakiaSeye Joseph

 

Kiakia Bit Limited, an indigenous lending fintech giant operating under the trademark, KiaKia has launched new ofice in Abuja.

Kiakia was launched in 2016, using big data, machine learning and artificial intelligence to deliver credit services to individuals and MSMEs across Nigeria.

The lending company also facilitates peer to peer lending that allows individuals and corporates earn interest income from indirectly issued loans.

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In the last 3 years of the company’s operations, it has facilitated and disbursed over N1.2bn P2P loans to individuals and MSMEs while maintaining a 2% Non Performing Loan (NPL) and delivering prosperity to both lenders and borrowers alike. In its 3 years of operation, no lender has lost a dime.

KiaKia has over 75,000 listed users/borrowers across the country and 35 lenders across 3 continents (Russia, Qatar, UK and the United States of America).

KiaKia’s new office was opened to better position it for accelerated growth through pragmatic value creation in broadening access to credit to the millions of financially underserved Nigerians and businesses.