Fonda

Fonda provides MSMEs (micro, small and medium enterprises) operating in Nigeria a secure and user-friendly platform to access business funds provided by Government agencies, banks and private organizations.

Fonda uses automated loan and grants processing algorithms to qualify businesses applying for funds; the goal is to enable deserving enterprises that meets its requirements obtain needed capital to boost their business.

Fonda offers funding agencies and applicants multifarious benefits, such as:
* Validation of applicants' ID and business's registration allows only qualified applicants.

* Automated shortlisting of proposals eliminates human interference in disbursement decision.

* Qualification module designed to deepen financial literacy and foster better utilization of funds.

* Automated computation of key metrics to determine profitability facilitates credit risk appraisal.

* AI-aided evaluation process shortens decision time, improves accuracy of result and minimizes misallocation in disbursement of funds.