Fonda

Fonda provides MSMEs (micro, small and medium enterprises) operating in Nigeria a secure and user-friendly platform to apply for business funds provided by private and government agencies. Fonda digital workflow helps applicants easily create a Business Plan by simply inputting their financial projections in the in-app Form.

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 application scoring result.