Aladdin is Africa’s first marketplace digital bank, seamlessly combining banking and commerce. Aladdin Bank supports your hustle by giving you the tools you need to save, borrow, make payments while selling your products and services to other members on the platform.
In 4 months we have acquired over 28,000 customers with savings balances of over $105,000, over $80,000 in disbursed loans, and a transaction volume of over $1.7 million.
We are currently raising $4 million as seed capital to move our business to the next level ($1.5 Million Equity investment, SAFE at 10% & Valuation Cap of $15 Million and a $2.5 million Debt for On-lending at a maximum interest rate of 20% per annum). We are open to both equity and debt or a mixture of both as per investments.