![Cover image of Rhapsody Finance, Banking venture on VC4A](https://cdn1.vc4a.com/media/2022/01/Screenshot-2022-01-13-at-13.26.04.png)
We are building a world class digital Bank, combining innovative business models and technology to enable, enhance, and improve financial services.
We shall engage in personal loans (Payroll loans), Thrifts and Fixed investment, Card services (virtual and physical), Airtime purchases, Bill payments, Asset financing, SME loans. All to be served from our mobile applications/web app (already in place).
We have found out the funding gap in Nigeria and the need to play in that area. The market place is also characterized with too many documentations and bottle necks in accessing loans.
We have provided a smarter way to access funds without too many documentations/bottlenecks.
Our aim is to make banking ubiquitous and reaching out to the unbanked and to be a leading digital bank in Nigeria.
We have N106.3 Trillion naira credit gap in Nigeria yearly and that’s why we are playing in this area
We are presently valued at N500m.