Firm to assist MSMEs

KiaKia Bits Ltd, fintech in Nigeria’s lending space operating under the trademark, has expanded its operations with its 320SQM office space in Abuja, in order to serve small businesses.

Launched in 2016, KiaKia is a licensed lender that uses big data, machine learning and artificial intelligence to deliver credit services to individuals and MSMEs across Nigeria. It also facilitates peer to peer lending that allows individuals and corporates earn interest income from indirectly issued loans.

In the last 3 years of the company’s operations, it has FACILITATED and disbursed over N1.2bn P2P loans to individuals and MSMEs while maintaining a 2% NPL and delivering prosperity to both lenders and borrowers alike. In its 3 years of operation, no lender has lost a dime.

KiaKia has over 75,000 listed users/borrowers across the country and 35 lenders across 3 continents (Russia, Qatar, UK and the United States of America).

KiaKia’s new office was opened to better position it for accelerated growth through pragmatic value creation in broadening access to credit to the millions of financially underserved Nigerians and businesses.