Veend is a Nigerian fintech providing collateral-free, salary-backed loans and credit infrastructure for lenders and merchants.

Veend was founded by Olufemi Olanipekun, Ebenezer Ajayi in 2021.

Who are Veend's investors?

Veend's investors include Techstars, First Circle, Future Africa.

Where is Veend headquartered?

Veend is headquartered in Sheridan, US.

Veend

Techstars '23

Sheridan, US · Founded 2021 · 32 employees on LinkedIn · 3 known investors

Find your way into Veend

611 people in our graph share verified history with the Veend team — schools, employers, funds. One of them is your warm intro.

Dave Blivinunlockedknows Olufemi Olanipekun · together at Techstars (overlapped)

×2knows the team · via Flutterwave

×9knows the team · via Techstars

VeendHQ provides on-demand access to credit for individuals and businesses with verifiable income in Nigeria and Africa. The company builds technology-enabled products that integrate with financial institutions to reduce lending risk and improve financial accessibility.

Also known as VeendHQ

Enterprise Software Fintech SaaS

Founders & leadership

Veend was founded in 2021 by Olufemi Olanipekun and Ebenezer Ajayi.

Olufemi Olanipekun inFounder, CEOOlufemi Olanipekun is founder and CEO of Veend, a technology platform that provides credit access to individuals and businesses with verifiable income across Africa by integrating with financial institutions and intercepting repayment at income source. He was previously an early employee at Flutterwave.

Ebenezer Ajayi inCo-founder, COOCo-founder and COO of Veend, which provides credit access technology for individuals and businesses in Africa. His background is in growth and marketing strategy for fintech, SaaS, and e-commerce companies.

Investors · 3

Techstars✓ verifiedBoulder · $220K

First CircleCasablanca · $100K – $250K

Future AfricaLagos · $100K – $500K

Company profile

researched Aug 2026

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.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Competitors · 3

by search overlap

Kashable81 shared keywordsKashable provides employer-sponsored financial wellness benefits, offering low-cost loans that integrate with HRIS and payroll systems and are repaid automatically through payroll, along with financial education. Its loans are offered to employees as a voluntary benefit through their employers.

Acorn Finance65 shared keywordsAcorn Finance operates a lending-network platform that connects contractors and their customers with multiple third-party lenders, letting homeowners compare and secure home improvement financing while contractors get paid upfront. It serves contractors in home improvement, remodeling, HVAC, roofing, landscaping, and solar, offering loans up to $100,000 at no cost to the contractor.

Finder64 shared keywordsFinder is a personal finance comparison platform that helps consumers find deals on savings accounts, bank bonus offers, and rates. It also publishes money-saving content such as budgeting and savings challenges.

Companies competing with Veend for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Veend Company Profile, Investors, & Funding | Lucidity Insightslucidityinsights.com

▸Research sources · 8

primary sources listed

Veendveendhq.com · web

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Veend do?: Veend is a Nigerian fintech providing collateral-free, salary-backed loans and credit infrastructure for lenders and merchants.
Who founded Veend?: Veend was founded by Olufemi Olanipekun, Ebenezer Ajayi in 2021.
Who are Veend's investors?: Veend's investors include Techstars, First Circle, Future Africa.
Where is Veend headquartered?: Veend is headquartered in Sheridan, US.