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

Blessing Osazuwa by Blessing Osazuwa
April 4, 2023
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Secure Your Cash: These Are The Fully Approved Loan Apps in Nigeria
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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
Tags: Loan apps in NigeriaSmartpreneur
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Blessing Osazuwa

Blessing Osazuwa

Blessing does the research to bring you needed information for success.

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