According to The Small and Medium Enterprises Development Agency of Nigeria, 82% of SMEs fail due to cash-flow issues while waiting 30+ days for vendor payments, yet there are trillions in A/R monthly in Nigeria. Quidroo is a ‘women first’ for-profit fintech startup that is an online platform where transactions are streamlined and SMEs get paid within 72 hours by selling their invoices to get fast cash at favorable rates. It focuses on SDG 9.3 Increasing the proportion of small-scale industries with access to finance in developing countries.
Sectors | Fintech |
Location | Flossmoor, United States of America |
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