🎉 Finplus Crosses 1 Million+ Loans
Happy New Year everyone! As we get going in 2020, I’d like to start on a positive note by sharing a few of the achievements we are celebrating at Finplus from this past year.
Top 5 Milestones in 2019
1. We processed our 1 Millionth Loan(!) in Q4 of 2019, some 30 months (2.5 years) after founding / going live.
2. We helped 100,000+ Unique MSMEs & Individuals access credit in 2019, bringing the total number of borrowers who have accessed Finplus-enabled loans to 260,000+, up 70% from last year.
3. We processed over $160M in Loan Value in 2019, up 250% from last year (which is a new high for one calendar year).
4. The Average Loan Size processed on Finplus grew 412% from $218 to $900 (which is a big win for MSME lending).
5. We expanded into Southern Africa, opening a second office in Johannesburg & gained new customers in Swaziland & South Africa.
Bonus mention: Finplus was awarded as the Most Improved Digital Financial Services Brand in Kenya at the 3rd Digital Tech Excellence Awards held in Nairobi, December 2019.
While this is all great news, none of it was accomplished in a vacuum. It really does take a village, so as always, I’d like to sincerely thank:
The absolutely amazing Finplus Team that works tirelessly towards furthering our Vision of Enabling Universal Access to Financial Services.
All our incredibly ambitious Customers for choosing Finplus as the platform on which they build & scale their transformational Digital Financial Institutions.
Our ever-reliable ecosystem of Partners for their role in helping us serve customers in 5 countries and counting across Eastern & Southern Africa.
Thank you all for a memorable 2019 and here’s to a bigger, better, even more prosperous 2020! 🥂