Secure Your Cash: These Are The Fully Approved Loan Apps in Nigeria

The Federal Competition and Consumer Protection Commission (FCCPC) in Nigeria recently announced that it has added 119 digital money lenders and loan apps to its approved list. This move comes after the FCCPC gave a deadline of March 27, 2023, for all companies to register with them. Failure to do so would result in Google delisting their apps from its Play Store unless they provide proof of approval certification from the FCCPC.

The FCCPC has explained that it developed the Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending of 2022 in partnership with the Joint Task Force (JTF) to promote transparency, fairness, and beneficial alternatives to lending opportunities in Nigeria.

FCCPC’s Decision Explained

The FCCPC has taken this action due to the proliferation of illegal loan apps in Nigeria, which have resulted in consumers reporting rights violations and practices. Findings have shown that the interest rates charged by loan apps violate lending ethics. In addition, these loan apps engage in public humiliation of defaulters and privacy violations.

The addition of 119 digital money lenders and loan apps to FCCPC’s approved list is a positive step towards promoting transparency and fairness in digital lending in Nigeria. With the delisting of unregistered apps from the Play Store, consumers can be confident that the loan apps they use are legitimate and adhere to ethical lending practices. This move by the FCCPC will also help to protect consumers from sharp practices which have become rampant in the lending industry.

Business owners in Nigeria can now feel more confident about using these loan apps and lenders to access funding for their businesses. The delisting of unregistered loan apps from the Google Play Store will also protect business owners from the proliferation of illegal loan apps that charge exorbitant interest rates and privacy violations.

Overall, the FCCPC’s actions will promote transparency and fairness in the lending industry, which is crucial for business owners in Nigeria. With legitimate and ethical lending options available, businesses can access the funding they need to grow and thrive without fear of being exploited by unscrupulous loan apps and lenders.

List of approved loan apps

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. Rankcapital 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. Irorun Technologies Limited
29. Csense Limited
30. Supreme Help Cooperative Society Limited
31. Orcom And Orcom Bussiness Support Limited
32. Payhippo Limited.
33. Easycheck Finance Investment Limited
34. Quark Financial Nigeria Limited
35. Edmond Solutions Company Limited
36. Ted Rocket Limited
37. Penaid Limited Arve Limited
38. Dover Credit Limited
39. Ragekay Global Investment Limited
40. Maywood Lending Limited
41. Linkpark Technology Nigeria Limited
42. Mangnet Lending Limited
43. Rubystar Global Limited
44. Bestfin Nigeria Limited
45. Fubri Century Company Limited
46. Berly Spring Global Limited
47. Rock Financials Limited
48. Phoenix Payment Solution Limited
49. Value Driver Technology Solution Limited
50. Nextpayday Limited
51. Blackcopper Service Limited
52. Trafalgar Associate Limited
53. Windville Financial Nigeria Limited
54. Orange Loan & Purple Credit Limited
55. Carbon Microfinance Bank Limited
56. Neo-Link Technology Company Limited
57. Finnew Fintech Limited
58. Otp Internet Technology Limited
59. Red Harbor Fintech Limited
60. Paylater Hub Limited
61. Skitloan Nigeria Limited
62. Raceova Nig. Limited
63. New Credage Nigeria Limited
64. Betterlending Company Limited
65. Fast-Point Intergrated Limited
66. Apex Lending Limited
67. Piska Tech Nigeria Limited
68. Princep Credit System Limited
69. Omalend Service Limited
70. Pockful Finance Limited
71. Highcredit Nigeria Limited
72. Hollandale Nigeria Limited
73. Pay Financial Technology Service Limited
74. A1 Capital Solution Limited
75. Newedge Finance Limited
76. Papichou Technology Limited
77. Goharvest International Limited
78. Mino Sparks Limited
79. Xgo Finance Limited
80. Primera Microfinance Bank
81. Credit Tech Lending Company
82. Prosperity Archipelago Limited
83. Finesest Limited
84. Singularity Technology Nigeria Ltd
85. Econ Mart Fintech Limited
86. Pennee Technologies Limited
87. Oxymon Solution Limited
88. Lantana Technology Limited
89. Applink Capital Nigeria Limited
90. Yegon Tech Limited
91. Fezotech Nigeria Limited
92. Eric Vsta Limited
93. Moblaspay Company Limited
94. Paycredit Limited
95. Niz Services Limited
96. Mino Sparks Limited
97. Flo Wood Lending
98. Liberty Assured Limited
99. Uni Technology Nigeria Ltd
100. Trade Lenda Com Limited
101. Creditville Microfinance Bank Ltd
102. Letshego Microfinance Bank Ltd
103. Kiowope Capital Limited
104. Veendhq Limited
105. Ucplus Advance Limited
106. Maven Finance Limited
107. Aella Financial Solutions Limited
108. Fluna Capital Limited
109. Newedge Finance Limited
110. Ta Prime Limited
111. Regxta Global Service Ltd
112. Provest Limited
113. Jm Rubinus Limited
114. Crossroads E-Payment Systems Limited
115. Consynergy Limited
116. Fintcred Innovation Limited
117. Afrosay Fintech Limited
118. Mim Finance Company
119. Trafalgar Associate Limited