Veend

Veend (VeendHQ) is a credit-focused fintech that provides on-demand access to funds for individuals and businesses with verifiable income, primarily salary earners in Nigeria. Borrowers apply without collateral or a guarantor, via a web flow or a USSD short code (*347*780#), by entering the phone number attached to their salary account; the company states disbursement can occur in under five minutes, with personal loan tenures of up to 12 months, flexible repayment deducted from the income source, top-up options after consistent repayment, and self-service eligibility and balance checks.

The consumer product range includes loans for federal government workers, Remita Payroll and IPPIS loans for federal and state government employees, buy-now-pay-later financing, solar energy financing for panels and equipment, and salary-backed venture loans for civil servants starting businesses. Alongside the consumer offering, Veend operates a business-facing product, VIDA, described as enabling lenders and merchants to deploy credit and buy-now-pay-later products using AI-powered insights for credit decisions. The company also launched a "version 2" set of business solutions aimed at businesses, fintechs and banks, and in March 2023 introduced Veend Prime, a pivot toward deepening value for its existing customer base.