About VeendHQ
VeendHQ is a company based in Ikeja (Nigeria) founded in 2021 by Ebenezer Ajayi and Olufemi Olanipekun. VeendHQ has raised $330 thousand across 1 funding round from investors including Magic Fund, Future Africa and Oak Capital. VeendHQ offers products and services including Federal Government Worker Loan, Remita Payroll Loan, Buy Now Pay Later, Energy Finance, and Venture Loan. VeendHQ operates in a competitive market with competitors including LeaseAccelerator, Open Co, Veefin, FinBox and Finley, among others.
- Headquarter Ikeja, Nigeria
- Founders Ebenezer Ajayi, Olufemi Olanipekun
- SectorsFinancial Services
- Website veendhq.com
- Social LinkedIn X Facebook Instagram
- Legal Name Veendhq Inc
- Total Equity Funding$330K (USD)
in 1 rounds
- Latest Funding Round$330K (USD), Seed
Jun 2022
- InvestorsMagic Fund
& 4 more
Products & Services of VeendHQ
VeendHQ offers a comprehensive portfolio of products and services, including Federal Government Worker Loan, Remita Payroll Loan, Buy Now Pay Later, Energy Finance, and Venture Loan.
Instant loans for urgent needs of government workers without collateral.
Quick loans tailored for individuals in the Remita payroll system.
Allows purchases with flexible repayment in installments.
Financing for solar energy solutions to improve power supply.
Salary-backed loans for entrepreneurial ideas of civil servants.
Apps and channels of VeendHQ
VeendHQ publishes 1 mobile app.
Funding Insights of VeendHQ
VeendHQ has successfully raised a total of $330K through 1 strategic funding round. The most recent funding activity was a Seed round of $330 thousand completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $330,000
- Total Rounds 1
- Last Round Seed — $330,000
- First Round $330,000
(Jun 2022)
- Investors Count 5
All 1 funding rounds of VeendHQ with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2022 | $330,000 | Seed | – | – |
5 investors in total: 5 institutional.
Investors in VeendHQ
VeendHQ has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Magic Fund, Future Africa and Oak Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on multiple sectors | – | magic.fund | San Francisco, United States | |
Venture capital firm investing in multiple sectors | – | future.africa | Lagos, Nigeria | |
Oak Capital is involved in financial or investment activities. | – | theoakcapital.com | - | |
- | – | berrywoodcap.com | - | |
First Circle Capital is focused on investing in African FinTech startups. | – | firstcirclecap.com | - |
Investor details for VeendHQ
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of VeendHQ
4 people are tracked at VeendHQ (3 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Ebenezer Ajayi | Co-Founder | Leadership |
Olufemi Olanipekun | Co-Founder & CEO | Leadership |
Sanda Kunmilade | Head Consumer Finance | Leadership |
Stephen Ayeni | Finance And Accounting Lead | Team |
Complete people profiles for VeendHQ
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Timeline of VeendHQ
2 dated milestones of VeendHQ across 1 years, from founding to its latest funding, stage changes and deals.
- Founded VeendHQ is founded.
- Funding First funding round of $330K.
Competitors of VeendHQ
VeendHQ operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LeaseAccelerator, Open Co, Veefin, FinBox and Finley, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| leaseaccelerator.com | 2003 | Reston, United States | $42.11M | 136 | Cloud-based lease accounting and management solutions are provided for businesses. | |
| open-co.com | 2021 | Sao Paulo, Brazil | $115M | – | Loan lifecycle management software is developed for financial institutions. | |
| veefin.com | 2020 | Mumbai, India | $3M | 25 | SaaS-based supply chain financing solutions are delivered globally. | |
| finbox.in | 2015 | Bengaluru, India | $51.09M | 215 | Developer of digital credit infrastructure and risk intelligence suite | |
| finleycms.com | 2021 | San Francisco, United States | $20.13M | 37 | Credit cycle management software is provided for business capital oversight. | |
| turnkey-lender.com | 2014 | Austin, United States | $18.1M | – | AI-driven loan origination and management software is provided for lenders. | |
| linedata.com | 1998 | – | – | 157 | Software, data, analytics, and services are provided to financial institutions. | |
| meridianlink.com | 1998 | Costa Mesa, United States | – | 579 | Loan lifecycle management systems are provided for lenders and institutions. | |
| loanpro.io | 2006 | Farmington, United States | $100M | – | Cloud-based loan lifecycle management software is offered. |
Detailed competitors of VeendHQ
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of VeendHQ
The website of VeendHQ (veendhq.com) receives about 29.7K visits a month.
- Monthly visits29.7K
▲ 21.1% vs previous month
Latest news on Veendhq
Complete news archive for VeendHQ
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Similar companies to VeendHQ
10 companies that operate in the same segment as VeendHQ (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Frequently Asked Questions about VeendHQ
VeendHQ was founded in 2021 and raised its 1st funding round 1 year after it was founded.
VeendHQ is headquartered in Ikeja, Nigeria. It is registered at Ikeja, Lagos, Nigeria.
Olufemi Olanipekun is the current CEO of VeendHQ. They have also founded this company.
VeendHQ is a funded company, having raised a total of $330K across 1 funding round to date. The company's 1st funding round was a Seed of $330K, raised on Jun 2022.
VeendHQ was founded in 2021 and is based in Ikeja, Nigeria. A cloud-based platform for automated loan management is provided to lenders in the fintech sector. Operations focus on streamlining loan processes to address challenges in repayment collection, which often elevate risks in lending activities. Services include tools for efficient monitoring and recovery of loans across digital interfaces.
VeendHQ's top competitors include FinBox, Finley and LeaseAccelerator.
VeendHQ offers Federal Government Worker Loan, Remita Payroll Loan, Buy Now Pay Later, Energy Finance, and Venture Loan.
VeendHQ has 5 investors. Key investors include Magic Fund, Future Africa, Oak Capital, Berrywood Capital, and First Circle Capital.
VeendHQ operates through Veendhq Inc.
Yes. VeendHQ publishes Veend.