11 Awesome Micro Lending That Will Take 2021 By Storm

January 30, 2021

This article showcases Startup Pill’s top picks for the best Micro Lending startups. These startups are taking a variety of approaches to innovating inside of the Micro Lending industry and around the world. They are all exceptional startups well worth a follow.

We tried to pick companies across the size spectrum from cutting edge startups to established brands.

We selected these startups for exceptional performance in one of these categories:

  • Innovation
    • Innovative ideas
    • Innovative route to market
    • Innovative product
  • Growth
    • Exceptional growth
    • Exceptional growth strategy
  • Management
  • Societal impact

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Top Micro Lending Startups

Data sourced from Crunchbase and SemRush.

Beforepay

Beforepay

Crunchbase | Website | Twitter | Facebook | Linkedin

VC-funded Startup aims to disrupt the payday distress cycle. The app helps you gain instant access to your wages on demand.

The app also automatically predicts when your bills are due, shows you how much is OK for you to spend, and automatically creates budgets for you, effortlessly. The app helps you Supercharge your bank account, giving you access to your pay as you earn it, and empowering you to save big money with seriously little effort..

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Credify

Credify

Crunchbase | Website | Twitter | Facebook | Linkedin

Built on our award winning Credify idX secure data bridging technology, serviceX empowers enterprises across a broad range of industries, from banking to e-commerce, with the ability to embed their products and services within complementary ecosystems through offers that dynamically reflect users’ profiles and willingness to share their verified personal information during the passporting/onboarding process. Unlike traditional lead origination platforms, serviceX strikes the perfect balance between the growing need for data-driven leads and the highest level of user privacy and control, creating the most ethical lead generation system possible.

We help companies in Japan and Southeast Asia lower their client acquisition costs by up to 75% while at the same time giving them secure and compliant access to a data sharing market that is estimated to reach $370bn by 2023. Adopting serviceX, these institutions are introducing a step-change in the way they generate new leads for their services, giving users peace of mind that their information is safe as they control all aspects of how, what and with whom it is shared for access to the best-fit deals..

Pocketly

Pocketly

Crunchbase | Website | Twitter | Facebook | Linkedin

Pocketly is a microlending platform for college students.

Cedar Credit Builder

Cedar Credit Builder

Crunchbase | Website | Twitter | Facebook | Linkedin

Cedar Credit Builder is a Financial Services company that specializes in consumer lending, finance, and credit building.

Grip Invest

Grip Invest

Crunchbase | Website | Twitter | Facebook | Linkedin

1. Grip lists curated investment leasing opportunities on its platform.

Investors browse through the active assets to review financial details, lease terms and return expectations and identify the right investment opportunity 2. Investors choose the investment amount and confirm their interest 3.

Investors make an online transfer of the committed amount to the dedicated bank account of the LLP 4. Grip continues to attract more co-investors for the active assets.

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BetaStore

BetaStore

Crunchbase | Website | Twitter | Facebook | Linkedin

BetaStore helps informal retailers get better access to goods at a wholesale price and delivers to their stores and can provide working capital support. The wholesale and retail market represents $270bn in Africa and more than 90% of the sales are made through informal channels.

With BetaStore the retailers don’t need to close their shops to go to the open markets and visit tens of suppliers to source for basic goods. Secondly, they don’t have to buy more inventory than they need to get good prices.

Finally by doing business with them, we can evaluate more accurately their risk profile and provide tailored payment facility and make them accessible for commercial lenders. Launched at the Founder Institute (www.fi.co).

Sumotrust

Sumotrust

Crunchbase | Website | Twitter | Facebook | Linkedin

SumTrust (Formerly SumoBank) is an automated personal savings and investment platform that helps you save, send, receive and plan your finances effectively while making better business decisions. SumoTrust is a product of Sumo Tech Global Limited which is registered as a financial service company with Cooperate affairs commission (CAC) with the RC NUMBER: 1524989.

In partnership with Entrepreneur Platform, Nigeria largest business and enterprise blog which have been read millions of times across the globe to build a free business academy for entrepreneurs on the Sumotrust platform. With Sumotrust, you can choose to save and raise money for something or invest your money to earn profit returns annually.

Mission: To give people the power to easily save and manage their finances through automation while taking the right action their money. Vision: We want to see more successful people in the economy with projects executed without much hassle as regards financing.

The more people save, the more the have money to carry out projects when the time comes, this is why Sumobank is in Partnership with Entrepreneur Platform to raise business leaders across various sectors using Edutech. Aside from other factors, having money somewhere for emergency with good financial education is one of the major things that Africa needs to understand and from what our partner stand for at Entrepreneur Platform, we want to see people Happy with enough money to operate while guided.

Easy saving platform at user’s comfort. Transparent Solution to saving and investing.

Cashless policy brought to the grass root. Better and automated savings decisions towards goals..

Reliquid

Reliquid

Crunchbase | Website | Twitter | Facebook | Linkedin

Reliquid helps SAAS companies to improve their liquidity by embracing their recurring organic revenues.

Timshel

Timshel

Crunchbase | Website | Twitter | Facebook | Linkedin

AI-driven cashflow solutions for artists

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Yamilowo

Yamilowo

Crunchbase | Website | Twitter | Facebook | Linkedin

Yamilowo is a chat-based lending solution

Loanalytic

Loanalytic

Crunchbase | Website | Twitter | Facebook | Linkedin

Crowdfunding Tech Microfinancing Startup