Full List of Registered Loan Apps in Nigeria

Finding the list of registered loan apps in Nigeria as gotten to be easy for everyone as The Federal Competition and Consumer Protection Commission (FCCPC) has given 173 digital lenders permission to do business in Nigeria. This is more than the 106 players the commission said would be allowed to operate in January. On the full list, there are 119 lenders who have been given “full approval” and about 54 who have been given “conditional approval.”

The FCCPC is changing the list as it continues to check the digital lenders using its “Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending 2022.”[pdf]” This framework came out in August 2022, at a time when Nigerian fintechs were being called on to stop predatory digital lenders and penalties were being put in place. After the news, digital lenders were given 90 days to sign up for approval. This deadline was later pushed back to January 31, 2023.

According to Punch News paper: FCCPC disclosed on its website that “In furtherance to the investigation by Inter-Agency on Joint Task Force on the Digital Lending Apps, the registration of the Apps to the Limited Interim Regulatory Framework and Guidelines for Digital Lending 2022 had commenced. This could be the best news on loan apps in nigeria, Please find attached the list of the companies/Digital Lending Apps for the Commission’s Website.”

Below are the names of approved loan apps legally permitted to operate in Nigeria:

FULLY APPROVED

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 LIMIED
27. YES CREDIT COMPANY LIMITED
28. IRORUN TECHNOLOGIES LIMITED
29. CSENSE LIMITED
30. SUPREME HELP COOPERATIVE SOCIETY LIMITED
31. ORCOM AND ORCOM BUSSINESS SUPORT 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
38. ARVE LIMITED
39. DOVER CREDIT LIMITED
40.  RAGEKAY GLOBAL INVESTMENT LIMITED
41.  MAYWOOD LENDING LIMITED
42. LINKPARK TECHNOLOGY NIGERIA LIMITED
43.  MANGNET LENDING LIMITED
44. RUBYSTAR GLOBAL LIMITED
45. BESTFIN NIGERIA LIMITED
46. FUBRI CENTURY COMPANY LIMITED
47. BERLY SPRING GLOBAL LIMITED
48. ROCK FINANCIALS LIMITED
49. PHOENIX PAYMENT SOLUTION LIMITED
50. VALUE DRIVER TECHNOLOGY SOLUTION LIMITED
51. NEXTPAYDAY LIMITED
52. BLACKCOPPER SERVICE LIMITED
53. TRAFALGAR ASSOCIATE LIMITED
54. WINDVILLE FINANCIAL NIGERIA LIMITED
55. ORANGE LOAN & PURPLE CREDIT LIMITED
56. CARBON MICROFINANCE BANK LIMITED
57. NEO-LINK TECHNOLOGY COMPANY LIMITED
58. FINNEW FINTECH LIMITED
59. OTP INTERNET TECHNOLOGY LIMITED
60. RED HARBOR FINTECH LIMITED
61.  PAYLATER HUB LIMITED
62. SKITLOAN NIGERIA LIMITED
63. RACEOVA NIG. LIMITED
64. NEW CREDAGE NIGERIA LIMITED
65. BETTERLENDING COMPANY LIMITED
66. FAST-POINT INTERGRATED LIMITED
67. APEX LENDING LIMITED
68. PISKA TECH NIGERIA LIMITED
69. PRINCEP CREDIT SYSTEM LIMITED
70. OMALEND SERVICE LIMITED
71. POCKFUL FINANCE LIMITED
72. HIGHCREDIT NIGERIA LIMITED
73. HOLLANDALE NIGERIA LIMITED
74. PAY FINANCIAL TECHNOLOGY SERVICE LIMITED
75. A1 CAPITAL SOLUTION LIMITED
76. NEWEDGE FINANCE LIMITED
77. PAPICHOU TECHNOLOGY LIMITED
78. GOHARVEST INTERNATIONAL LIMITED
79. MINO SPARKS LIMITED
80. XGO FINANCE LIMITED
81. PRIMERA MICROFINANCE BANK
82. CREDIT TECH LENDING COMPANY
83. PROSPERITY ARCHIPELAGO LIMITED
84. FINESEST LIMITED
85. SINGULARITY TECHNOLOGY NIGERIA LTD
86. ECON MART FINTECH LIMITED
87. PENNEE TECHNOLOGIES LIMITED
88. OXYMON SOLUTION LIMITED
89. LANTANA TECHNOLOGY LIMITED
90. APPLINK CAPITAL NIGERIA LIMITED
91. YEGON TECH LIMITED
92. FEZOTECH NIGERIA LIMITED
93. ERIC VSTA LIMITED
94. MOBLASPAY COMPANY LIMITED
95. PAYCREDIT LIMITED
96. NIZ SERVICES LIMITED
97. MINO SPARKS LIMITED
98. FLO WOOD LENDING
99. LIBERTY ASSURED LIMITED
100. UNI TECHNOLOGY NIGERIA LTD
101. TRADE LENDA COM LIMITED
102. CREDITVILLE MICROFINANCE BANK LTD
103. LETSHEGO MICROFINANCE BANK LTD
104. KIOWOPE CAPITAL LIMITED
105. VEENDHQ LIMITED
106. UCPLUS ADVANCE LIMITED
107. MAVEN FINANCE LIMITED
108. AELLA FINANCIAL SOLUTIONS LIMITED
109. FLUNA CAPITAL LIMITED
110. NEWEDGE FINANCE LIMITED
111. TA PRIME LIMITED
112. REGXTA GLOBAL SERVICE LTD
113. PROVEST LIMITED
114. JM RUBINUS LIMITED
115. CROSSROADS E-PAYMENT SYSTEMS LIMITED
116. CONSYNERGY LIMITED
117. FINTCRED INNOVATION LIMITED
118. AFROSAY FINTECH LIMITED
119. MIM FINANCE COMPANY

CONDITIONAL APPROVAL

1. TRIPODBASE LIMITED
2. OWOAFARA FINTECH SERVICE
3. AJAX LENDING LIMITED
4. THE PLATFORM DIGITAL NETWORK LIMITED
5. ZIPPY CAPITAL LIMITED
6. LENDING EDGE LIMITED
7. LENDHA TECHNOLOGIES LIMITED
8. DOJA LEMAIRE GLOBAL LIMITED
9. PAYDAYHUB ONLINE NIGERIA LIMITED
10. RETAIL BOOSTER LIMITED
11. CITADELE CAPITALS LIMITED
12. FEWCHORE FINANCE COMPANY LIMITED
13. ONE PAYOUT LIMITED
14. LIDYA GLOBAL LIMITED
15. KWABA INTERNATIONAL LIMITED
16. FINPADI TECHNOLOGIES LIMITED
17. UMBA DIGITAL SOLUTIONS LIMITED
18. FINTRADE SOLUTIONS LIMITED
19. U TECHNOLOGY
20. STELLAR FINANCE LIMITED
21. DASH INNOVATIONS
22. GRIT-TECH LIMITED
23. CAELUM TECHNOLOGIES LIMITED
24. U THINKING NIGERIA LIMITED
25. EATON HILL INVESTMENT LIMITED
26. CREDITPRO BUSINESS SUPPORT SERVICES LTD
27. MUSKA TECH LIMITED
28. HELPPO AFRICA LIMITED
29. RENNERS INVESTMENT LIMITED
30. PEBBLE FINANCIAL TECH. LIMITED
31. KIAKIA BITS LIMITED
32. WEALTHBRIDGE CAPITAL PARTNERS LIMITED
33. TRIVISTA CAPITAL LIMITED
34. ATIMI LENDING LTD
35. ZUVY TECHNOLOGIES LIMITED
36. ROCKSHIELD MICROFINANCE
37. DOT MICROFINANCE BANK LIMITED
38. ALLAWEE TECHNOLOGIES LIMITED
39. LUCRED TECHNOLOGY LIMITED
40. NOLT FINANCE LIMITED
41. SOKO LENDING LIMITED
42. CITYGATE GLOBAL INVESTMENT LIMITED
43. OLIVERMEAD INVESTMENT LIMITED
44. LIGHTING FINANCE TECHNOLOGY NIGERIA LIMITED
45. MENO FINANCE LIMITED
46. HOIL INVESTMENT LIMITED.
47. KIREDI ROCK COMPANY LTD
48. GLOSH TECH LIMITED
49. CLEMO FRESH CO. LTD
50. PASSECO TECHNOLOGY NIG. LTD
51. TRUST CEN LIMITED
52. RIVERBANK PARTNERS LIMITED
53. PRIME AVIS INVESTMENT SERVICES LIMITED
54. RIVERBRAND TECHNOLOGY LIMITED

FCCPC says that its current regulatory framework is the “first and interim step toward establishing a clear regulatory framework.” Even though the framework is only temporary, tech giant Google is using the FCCPC’s approval as a regulatory stamp to decide which digital loan apps can stay on its Play Store platform. This is something that FCCPC CEO Babatunde Irukera is happy about.

Techcabal Also Give some insight with the fact That “Google has been very helpful, including giving advice based on their expert knowledge and experience about how to best reach laudable regulatory goals,” he said.

Google is acting as a fake regulator as it works with Nigeria’s FCCPC and Kenya’s top bank to make sure that digital lending in Africa follows the rules. In Kenya, Google is said to have taken down hundreds of loan apps that didn’t have a license from the Play Store last month, even though the industry complained that the CBK’s license is hard to get.

Sycamore, Trade Depot, Branch, Fairmoney, Pivo, PayHippo, BlackCopper, and Trade Lenda are some of the loan apps that the FCCPC has cleared.

In early February, the Nigeria Data Protection Bureau (NDPB) said that a national committee made up of government agencies was working to limit the activities of illegal credit providers in the country. You don’t need to ask yourself which app is best for loan in nigeria, With this change, the rules for loans will become even stricter.

If you have been worried about the list of registered loan apps in nigeria, Nigeria and Kenya have the biggest digital loan markets on the continent. Many people in Africa can’t make it through the day without the money that these loans give them. But when authorities go to sleep, bad people take over and people get hurt. You have nothing to worry about the list of loan apps approved by cbn because Now, the FCCPC and the CBK are working together to make digital loans in Africa more trustworthy. If you want to see some of the new new loan apps in nigeria 2023, This could be the start of a better microlending business on the whole of Africa.