“Can a CBN-licensed finance company profitably extend micro-credit to Nigerians excluded from traditional banking?”
Fast Credit Limited (FCL) is a Nigerian finance company founded in 2014 and licensed by the Central Bank of Nigeria to provide micro-lending to individuals and small businesses outside the traditional banking system. It also raises wholesale funds through investment notes. It is a separate entity from FC Capital Limited (UK), a London-based pawnbroking / secured-lending business trading as 'Fast Credit'.
Fast Credit Limited's lending and capital products are provided by Fast Credit Limited (in-house).
Fast Credit Limited is founded in 2014 and headquartered in Ikeja, Lagos, Nigeria.
Fast Credit Limited has raised $3.7M in total.
Get a read on where your own stack stands against Fast Credit Limited and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.