Nigerian Startup VeendHQ Raises USD 330 K Pre-Seed Funding

Nigerian fintech enabler VeendHQ has raised USD 330 K in pre-seed funding from Magic Fund, The Oak Capital, Future Africa, Berrywood Capital, and other angel investors. The funding will help the startup integrate with more ecosystems and financial institutions and build products to create wealth and drive prosperity for the average African consumer.

VeendHQ is an embedded finance technology company that enables micro-lenders, banks, and merchants to embed credit into various ecosystems profitably easily, and at scale. The company seeks to simplify the lending process through its loan origination channels which include USSD, mobile app, web, and ATM.