PayHippo.ng provides AI-driven financing for SMEs in Africa. They identify SME capital needs in value chains and fill that gap with financing thereby unlocking capital when and where SMEs need it most.
The company plays in a $13B Market growing 3% annually and has disbursed about 5,000 loans since inception, valued at $1 million and with a repayment rate of 97%, earning them $64,000 in revenues growing at 25% month-on-month.
The team consists of experienced founders in the lending space and have worked together before PayHippo with each having founding experience.
CEO: Zach has startup CEO experience and worked in digital lending in Nigeria at lydia. Uche, previous CTO at SeatJoy in the Bay Area before becoming PayHippo’s CTO. Chioma started the Nigeria division of Teach for America as Head of Operations.