Fintech firm secures google grant to develop technology

Nigerian fintech company, Shecluded, has been awarded an equity-free grant funding by Google for Startups through the Black Founders Fund Africa to develop its technology-enabled platform for women.

The Fintech firm is the number one financial service and business Resource Company for women.

This funding will enable Shecluded to provide more access to financial services and business resources to women in Africa even as it is expected to build Shecluded’s mobile application, expanding its capacity to simultaneously process thousands of loan applications and service requests.

In a statement, made available to the newsmen, the founder/CEO of Shecluded, Ifeoma Uddoh, said the mission of her company is to put more money in women’s hands and adopting more advanced technology will allow the company to reach more women.

“We are super excited about this grant, as well as the mentorship and support that comes with it. We look forward to all the meaningful impact it will make for the women in our network.

“We are seeing firsthand the urgent need for women to easily access key financial growth services. We believe that an advanced technology platform will go a long way to improve our ability to reach and provide these important resources to more women across more regions/locations,” she added.

Founded in 2019, Uddoh said, Shecluded has so far disbursed over $1 million in growth loans, adding that, the company has also enabled more than 17,500 women with access to business development support, wealth advisory, health insurance, credit education, as well as financial and business literacy resources.