SOCIAL LENDER WINS IE VENTURE DAY LAGOS

Social Lender is pleased to announce her victory as we emerged first in the just concluded IE VENTURE DAY LAGOS! The competition was designed to identify and support start-ups that have the ability to create innovative digital based solutions to everyday problems faced by businesses—whether private or public—so as to improve their operations.

 

 

About Social Lender

Social Lender is a lending solution based on social reputation on mobile, online and social community platforms. Small cash requests are offered to members of Social Lender communities with a valid bank account. Cash requests are guaranteed based on the user’s Social profile and reputation.

Social Lender uses its own proprietary algorithm to perform a social audit of the users’ online, on mobile, on social media and other related platforms and give a Social Reputation Score to each user. Users can borrow from banks and other financial institutions based on their Social Reputation Score. Social Reputation Score can be improved by providing more information e.g. social reputation score is improved by the introduction of Social Guarantor who provides electronic personal guarantee on the personality of the borrower or the transaction.

Social Lender delivers cash guaranteed by social reputation in most cases within 10 minutes. In three steps, users are able to get quick cash from Social Lender. First, users access Social Lender’s platform using any of the following channels; Web, SMS, USSD, Mobile App (Partner App Add-On or Dedicated Apps), Partner Bank ATMs, APIs or Pay with Social Lender (E-commerce Checkout). Immediately a social audit is conducted on the user (with user’s permission) and the user obtains a social reputation score based on their digital fingerprint. Second, the user applies for cash using any of the available channels. Third, funds are approved based on partner specific business rules and funds is disbursed to the users’ verified Account (Bank Account or Mobile Money Account) usually within 10 minutes.

 

About Tech Venture Day Lagos

IE Venture Days are international events designed to foster the entrepreneurial ecosystem, connecting the best startups, investors, corporations, accelerators and thought-leaders. Every Venture Day lasts between 4-8 hours, and its format is a combination of keynote speakers, panel discussions and a startup competition with the most-promising entrepreneurs of the region. The conferences are open to the general public, and IE students and alumni as well as individuals from the local and regional entrepreneurial communities are invited to participate.

Venture Days take place in cities around the world, connecting the entrepreneurial community across all continents. In the past three years, they have held more than 35 International Venture Days in cities such as Shanghai, Tokyo, Miami, Bogota, London, Santiago de Chile, Paris and many more!

Moreover, every year Madrid hosts two Venture Days with more than 500 attendants, which celebrates the winners of our Venture Lab Accelerator program.

 

NIGERIAN FINTECH SOCIAL LENDER NAMED ONE OF THE FINALIST FOR MIT INCLUSIVE INNOVATION CHALLENGE

Social Lender is pleased to announce our status as a 2019 MIT Inclusive Innovation Challenge Africa Finalist! The MIT IIC’s Regional Finalists are comprised of an elite global group of inclusive innovation organizations selected by regional innovation and entrepreneurship experts representing the most inventive and impactful Future of Work solutions on the planet. View our Finalist profile at https://www.mitinclusiveinnovation.com/winners/social-lender/

 

 

About Social Lender

Social Lender is a lending solution based on social reputation on mobile, online and social community platforms. Small cash requests are offered to members of Social Lender communities with a valid bank account. Cash requests are guaranteed based on the user’s Social profile and reputation.

Social Lender uses its own proprietary algorithm to perform a social audit of the users’ online, on mobile, on social media and other related platforms and give a Social Reputation Score to each user. Users can borrow from banks and other financial institutions based on their Social Reputation Score. Social Reputation Score can be improved by providing more information e.g. social reputation score is improved by the introduction of Social Guarantor who provides electronic personal guarantee on the personality of the borrower or the transaction.

Social Lender delivers cash guaranteed by social reputation in most cases within 10 minutes. In three steps, users are able to get quick cash from Social Lender. First, users access Social Lender’s platform using any of the following channels; Web, SMS, USSD, Mobile App (Partner App Add-On or Dedicated Apps), Partner Bank ATMs, APIs or Pay with Social Lender (E-commerce Checkout). Immediately a social audit is conducted on the user (with user’s permission) and the user obtains a social reputation score based on their digital fingerprint. Second, the user applies for cash using any of the available channels. Third, funds are approved based on partner specific business rules and funds is disbursed to the users’ verified Account (Bank Account or Mobile Money Account) usually within 10 minutes.

 

About MIT Initiative On Digital Economy(IDE)

The MIT Initiative on the Digital Economy (IDE) is a team of visionary, internationally recognized thought leaders and researchers examining how people and businesses work, interact, and will ultimately prosper in a time of rapid digital transformation.

The IIC is MIT’s premier future of work prize, awarding $1.6 million annually to entrepreneurs using technology to create economic opportunity for workers. MIT collaborates with like-minded organizations in five regions to select and celebrate sixty Regional Finalists from across the globe. Twenty Regional Winners proceed to MIT where four Global Grand Prize Winners each win $250,000 and world-wide recognition.

 

Social Lender Digital Financial Master Class

About Social Lender Financial Master Class

The traditional credit platform has been a major frontier in the provision of funds and finance to organizations and individuals seeking credibility, the traditional platform has been regarded as being obsolete and not being reliable for a digital age for credibility, a digital system has been devised to provide immediate solutions to the financial constraints of individuals.

Social Lender is a leading financial service platform is providing the opportunity in its Master class to educate and familiarize the financial services companies which includes banks and other financial institution with the 21st century digital credit solutions to financial incapabilities.

Social Lender Introduces it Financial Services Master Class:
BUILDING A DIGITAL CREDIT SOLUTION

Date: 9th August, 2019.
Venue: No 5 Ajayi, Onike Street, Yaba, Lagos ( Light House).
Time: 10am-2am
Event Fee: ₦25,000

Social Lender is a lending solution based on social reputation on mobile, online and social media platforms.
Quick Cash is approved on social lender based on your Social Reputation score.

Visit the following site to pay and make registration

#MyVal2019 – Win a Couple’s Dinner Treat to a popular Restaurant in your State

Let the Count down begin!!!!!!

Social Lender is giving you a chance to express yourself and get rewarded for just expressing how you feel in #MyVal2019

Post a picture of you and your #MyVal2019 and write a short loving message about him or her. Get people to like the picture.
The user with the highest likes gets a couple’s dinner treat to a popular restaurant in your state of residence.

Click here to Post your#myVal2019 Entry now. 

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Basic information about Social Lender: Web Channel in Nigeria

Hey you, We bring you some information about the Web Channel of Social Lender today!

Social Lender is a lending solution based on the Social Reputation that users have built for themselves online, on their various social media platforms. Quick cash is approved on Social Lender based on your Social Reputation.

This has been put together to answer some of the questions users have had about the Social Lender platform. This post  focuses on the Web Channel which is one of the 7 available channels on Social Lender in Nigeria. Watch out for a similar post about our other channels in the future.

 

The Dashboard

 

The Dashboard is where you carry out most of your Operations on Social Lender. Here, your current Social Reputation score is shown, alongside your active cash request and your wallet. Also, the history of your previous cash requests on Social Lender is shown.  Read more

Happy Independence Day – #SocialLender #Nigeria58 Independence Challenge.

Happy Independence Day, Nigeria. We are introducing #SocialLender #Nigeria58 Independence Challenge.

Post a Picture in your Nigerian Attire to Social Lender Page.

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Nigerian FinTech company, Social Lender Named 2018 VentureClash Semifinalist

…Finance Technology company takes a step closer to winning Connecticut’s $5 million global venture challenge

SOCIAL LENDER

Social Lender, a lending solution based on social reputation on mobile, online and social community platforms, today announced that it has advanced to the semifinalist round of the 2018 VentureClash competition. VentureClash, managed by Connecticut Innovations, is a $5 million global venture challenge for early-stage companies in digital health, financial technology, insurance technology and the Internet of Things.

Social Lender was founded in 2015 and has signed up over 15,000 users on their platform and recorded less than 4.1% bad debt on loans facilitated through their platform.  Over 60% of Social Lender’s first time borrowers return to the platform for more transactions. The Company has signed partnerships with Financial Institutions in 2 Countries of Operations including: Sterling Bank (Nigeria), Absa Barclays Bank (South Africa), and iTrust (Nigeria) with a pipeline of 5 partners in 2 countries. Social Lender is accessible on multiple channels which include SMS, USSD and Web.

The VentureClash competition attracted nearly 300 applications from more than 20 countries around the world. Social Lender was one of 34 companies selected to advance to the next round.

“Each year, the application pool gets stronger and stronger for VentureClash, and this year is no exception,” said Matt McCooe, CEO of Connecticut Innovations. “We’re extremely excited about our semifinalists this year and look forward to getting to know Social Lender during the process.”

Social Lender claims to be building a social network of Trust, Credit and much more…

VentureClash 2018 finalists will be announced on September 7, and those chosen will compete at the VentureClash finals event, to be held on October 18, 2018, at the Yale School of Management in New Haven, Connecticut.

About Social Lender

Social Lender is a lending solution based on social reputation on mobile, online and social community platforms. Small cash requests are offered to members of Social Lender communities with a valid bank account. Cash requests are guaranteed based on the user’s Social profile and reputation.

Social Lender uses its own proprietary algorithm to perform a social audit of the users’ online, on mobile, on social media and other related platforms and give a Social Reputation Score to each user. Users can borrow from banks and other financial institutions based on their Social Reputation Score. Social Reputation Score can be improved by providing more information e.g. social reputation score is improved by the introduction of Social Guarantor who provides electronic personal guarantee on the personality of the borrower or the transaction.

Social Lender delivers cash guaranteed by social reputation in most cases within 10 minutes. In three steps, users are able to get quick cash from Social Lender. First, users access Social Lender’s platform using any of the following channels; Web, SMS, USSD, Mobile App (Partner App Add-On or Dedicated Apps), Partner Bank ATMs, APIs or Pay with Social Lender (E-commerce Checkout). Immediately a social audit is conducted on the user (with user’s permission) and the user obtains a social reputation score based on their digital fingerprint. Second, the user applies for cash using any of the available channels. Third, funds are approved based on partner specific business rules and funds is disbursed to the users’ verified Account (Bank Account or Mobile Money Account) usually within 10 minutes.

About VentureClash

Managed by Connecticut Innovations, VentureClash is Connecticut’s global venture challenge focused on early-stage companies. The challenge identifies high-potential companies in digital health, fintech, insurtech and the Internet of Things that will receive investments from a $5 million investment award pool. Learn more at www.ventureclash.com.

 

About Connecticut Innovations Inc.

Connecticut Innovations (CI) is Connecticut’s strategic venture capital arm and is the leading source of financing and ongoing support for innovative, growing companies. CI provides venture capital and strategic guidance for early-stage technology companies, and connections to its well-established network of partners and professionals. For more information, visit www.ctinnovations.com.

Post your Video Testimonial on Instagram or our Facebook page using #sociallenderreview and win 10,000naira. *

Have you borrowed using Social Lender in the past?    You stand a chance to win 10,000naira cash with Social Lender by sharing your testimonial in the video testimonial Campaign.

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Social Lender is solving financial problems using Social Reputation Score

Social Lender has helped various people solve their financial problems through the micro-credit it provides based on Social Reputation. Here are tweets from some of the people who have been able to secure quick cash from Social Lender with their Social Reputation score. They were able to attend to one financial need or the other. Read more

Do you know that your Social Reputation Score determines your Credit Worthiness???

On Social Lender, Access to Micro Credit is simply based on Social Reputation. Social Lender leverages on your Social Reputation as collateral to offer micro-credit. Through your Social Reputation, A Social Reputation score is calculated and this determines if you are qualified to make a cash request. So basically the higher your Social Reputation Score the higher the amount you qualify for

Have you improved your Social Reputation Score???

 Don’t wait till you are in need of a loan before you improve your Social Reputation Score. With a qualifying Social Reputation Score, you can simply send an SMS to Social Lender to get cash in your account within 5 minutes. One of the ways to determine your social reputation is through your Friends, Family & Connections on the Social Lender Platform. Read more