About PhastMoney
Despite running healthy growing businesses, entrepreneurs in Nigeria consistently struggle to raise timely credit from banks. Those that succeed often have to pledge personal property to fund business needs. Restrictive lending policies, inflexible collateral requirements and slow disbursement times by formal financial institutions frequently push SMEs towards informal financiers.
Our Mission
At PhastMoney, we believe SMEs have 3 basic demands: simple access to credit, collateral-free terms, and a trustworthy partner. Our mission is to bridge the current gap in the market with innovative and flexible credit products for SMEs, delivered in an efficient and customer-friendly manner.
Who we are
PhastMoney is an online platform that provides working capital finance to SMEs in Nigeria. We offer flexible, short-term loans that can be used to purchase inventory, service new orders or optimize cash cycles. PhastMoney aims at becoming the leading financing platform for SMEs, freelancers, and the self-employed.
We focus on customers that are hardly served by traditional providers and therefore requires a new approach to risk and credit scoring.
Thanks to our data-driven technology, PhastMoney provides fast, fair and uncomplicated financing to its customers. Borrowers can apply in minutes and receive funds in their bank accounts in 3 days without any hassle.
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