Litefi Limited is a Nigerian fintech company based in Lagos, founded in 2023. It provides financial services to individuals and businesses, focusing on lending and investment products.
The company offers loans to salary earners, small and medium-sized enterprises (SMEs), and market traders. It uses a data-driven approval process that considers both financial and non-financial data, aiming to serve customers who may be overlooked by traditional banks. For SME lending, Litefi employs a hybrid approach involving digital applications and field verification. Other loan products include auto loans for vehicle dealers and owners.
Litefi also offers investment options, including money market instruments and commercial papers. It states that it operates under a consumer credit license and follows Nigeria’s data protection framework for all data processing.
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