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Shield Finance We offer the unbanked & underbanked affordable loans directly to their mobile phones

Shield Finance is a FinTech company using proprietary technology while leveraging on Mobile Money & Mobile Credit Scoring to currently offer the under banked in the society affordable loans directly to their mobile phones. We have two products i.e. 

1. A micro lending platform based on a mobile app for the employed. We are providing a solution where employees can access salary advance quickly, conveniently & at lower interest rates saving them from the predatory mainstream payday lenders.
    

2. A turnkey lending platform for Telcos across Africa

Achievements  

1. 5.7million customer base

2. Winners Pivot East 2015   

3. Finalists DEMO Africa           

4. Among top 5 promising FinTech startups in Africa (disrupt Africa)   

5. Winners Sankalp Africa

Fundraising

This venture is seeking finance for their venture. Are you an investor? Check out the Pro Account to see the details.

Idea

We have an elevator pitch. We plan to execute a proven concept in a growing market.
We have an elevator pitch. We plan to execute a proven concept in a growing market.

Shield Finance is a FinTech company using proprietary technology while leveraging on Mobile Money & Mobile Credit Scoring to currently offer the under banked in the society affordable loans directly to their mobile phones.

Team

Our founder has the business savvy and persistence to turn ideas into a company. We have a business network and can get introduced to the right people. We can build the product - our team has what it takes. Given the time and money, we can deliver on our promises.
Our founder has the business savvy and persistence to turn ideas into a company. We have a business network and can get introduced to the right people. We can build the product - our team has what it takes. Given the time and money, we can deliver on our promises.

Kennedy Rohara 5 years experience in micro finance. Worked for RAC Ltd (MFI), Manager Heluk International Company Ltd Kenny Kinako GM Zeepo.co.ke, VP Africa Ringier AG, BDM East Africa Ringier AG, Naspers (MIH) Josphat Njui, I-Hub Research & Verviant (Pesapal)


Product

We have a working product and you can request a demonstration. We have developed the product ourselves and own all of the IP for the product.
We have a working product and you can request a demonstration. We have developed the product ourselves and own all of the IP for the product.

Traction Serving clients i.e. 1 Telco partnership signed, 15,000 app downloads, serving clients and generating revenues.

Revenue

We plan to start by building a community of passionate customers. We have a cash-flow prognosis. We already have revenue from paying customers.
We plan to start by building a community of passionate customers. We have a cash-flow prognosis. We already have revenue from paying customers.

Mobile App for Employees We charge a monthly interest rate of 7.5%/month on amounts borrowed in addition to a processing fee that varies based on amounts qualified for Turnkey Telco Lending Platform We have one partner here. We charge 9%/month on amounts borrowed and revenue share with the telco at 70/30 in our favor.

  1. Idea and Stage

  2. Team and Organization

  3. Market and Marketing

  4. Finance

  5. Investment

Team

Updates

More info