What Litefi does

LiteFi Limited is a Nigerian consumer finance platform founded in 2023 and headquartered at 41 Faramobi Ajike Street, Maryland, Anthony, Lagos. The company offers salary loans, auto loans (including dealer finance and collateralized vehicle-secured loans), SME and business loans, and corporate cash loans to individuals and small businesses that traditional banks decline to serve. Its underwriting stack combines digital data-driven credit assessment with field verification for SME borrowers, allowing it to evaluate non-traditional financial and non-financial information rather than relying solely on bank statements. Disbursement turnaround is positioned at 24 hours; loan pricing is structured to cash flow realities and disclosed transparently ahead of disbursement.

Alongside lending, LiteFi runs an investment product suite comprising Flex Investment (liquid, free-withdrawal), Goal Investment (targeted savings), money market instruments, and commercial paper offerings, with stated potential returns of up to 30% per year and investor-facing transparency on issuer, tenor, and risk ranking. The platform is delivered as a self-serve web app, mobile app, and through physical offices plus authorized third-party agents. Distribution was materially expanded in October 2025 through an on-lending partnership with Renmoney, in which LiteFi originates and services loans while Renmoney provides funding capacity. LiteFi operates under a consumer credit license under Lagos State Money Lenders Law and complies with the Nigeria Data Protection Act (NDPA) 2023.

Monetization is primarily transaction-fee based — interest income on originated loans, returns captured on investment products, and intermediary fees on the Renmoney on-lending channel. Specific interest rates and processing fees are disclosed in individual loan agreements rather than published publicly. The company is private, sub-50 employees, operates a Nigeria-only footprint, has only $30,000 in disclosed funding, and reports no revenue figures, indicating an early-stage capital and scale profile.

Name

Litefi

Legal name

LiteFi Limited

Website

https://litefi.ng

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

LiteFi Limited is a Lagos-based Nigerian fintech operating a digital lending and investment platform that serves underbanked salary earners, SMEs, vehicle owners and dealers, and corporate borrowers via web, mobile, and partner-bank distribution channels.

Ownership category

akta.pro rank

Product category

Consumer Lending

NAICS

Finance and Insurance (52)

SIC

Loan Brokers (6163)

akta.pro primary industry

Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking) (FSAGAHAC)

akta.pro secondary industries

Underwriting Automation & Income/Employment Verification (FSAGAHAD), SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations) (FSAGAAAI), Income & Employment Verification (VOI/VOE, payroll-linked data) (FSAGACAE)

Keywords

• Consumer lending
• Digital lending platform
• Salary advance loans
• SME financing
• Investment products

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Loan Interest Income: Primary revenue stream from interest charged on loans including personal loans, salary loans, auto loans, SME loans, dealer finance loans, and corporate loans. Interest rates comply with Lagos State Money Lenders Law and guidelines on transparent pricing.
2. Investment Products: Revenue generated from investment products including money market instruments, commercial papers, flex investments, and goal investments. Returns offered up to 30% per year on investment products.
3. On-Lending Arrangement Fees: Facilitates access to credit provided by partner banks through on-lending arrangements, acting as an intermediary while LiteFi remains the primary point of contact for loan application, disbursement, and repayment.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

LiteFi is a Nigerian fintech that provides digital consumer and small-business credit (salary loans, auto loans, SME and corporate business loans, dealer finance) and investment products (money market instruments, commercial papers, and flex/goal investments). It uses a data-driven credit model combined with hybrid field verification to lend to individuals and SMEs overlooked by traditional banks, distributing through web and mobile apps, physical offices, third-party agents, and on-lending partner banks such as Renmoney.

Product overview

LiteFi is a Nigerian financial technology company providing a unified digital lending and investment platform in Nigeria. The core product portfolio consists of loan products (Salary Loan, Auto Loan, SME & Business Loan, Corporate Cash Loan, Dealer Finance Loan) and investment products (LiteFi Investment, Money Market Instruments, Commercial Papers), supported by self-service tools (Free Credit History Check, Investment Calculator). Loan products are offered directly or through on-lending arrangements with partner banks, while investment products provide curated instruments with transparent terms. The platform operates as a web and mobile application with a consumer credit license under Lagos State law, using data-driven credit assessment to serve salaried workers and SMEs the traditional banking system overlooks.

Differentiator

Problem solved

Functional benefit

Products and services

• Salary Loan Quick-access personal loan for Nigerian salary earners and vetted corporate employees, with capital access based on verified monthly income and repayment terms sized to cash flow. Part of LiteFi's responsible-lending suite targeting individuals the traditional banking system overlooks.
• Auto Loan Vehicle financing product for Nigerian consumers and dealerships, offered in two variants: dealer finance for vehicle dealerships to finance inventory and owner finance for vehicle owners to secure cash using their car as collateral. Also includes auto loans for salary earners and corporate entities.
• SME & Business Loan Capital loan for small businesses and market traders in Nigeria, combining a digital application with field verification where needed. Covers working capital, expansion, asset acquisition, and project financing for SMEs the conventional credit system overlooks.
• Corporate Cash Loan Business and corporate loan for registered Nigerian businesses and corporate entities, evaluated based on financial health, operational capacity, and collateral. Supports working capital, expansion, asset acquisition, and project financing.
• Dealer Finance Loan Tailored credit facility for Nigerian vehicle dealerships to support inventory acquisition, showroom expansion, or working capital. Often structured as floor plan financing to support the automotive retail value chain.
• LiteFi Investment Investment product line that lets Nigerian users earn up to 30% per year via Flex Investment (free withdrawals, high interest) and Goal Investment (targeted savings with attractive returns), with curated money market instruments and commercial papers offering transparent disclosure of issuer, tenor, and risk ranking.
• Money Market Instruments Stable, low-risk investment assets offered within the LiteFi Investment platform, providing capital security and competitive returns for Nigerian investors seeking conservative growth.
• Commercial Papers Investment instruments within the LiteFi Investment platform that fund productive sectors, with full transparency on issuer, tenor, and risk ranking shown to the investor before commitment.

Quantifiable outcome

• Funds disbursed within 24 hours of application approval
• +1 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Piggyvest: Nigerian digital savings and investment platform offering goal-based savings, fixed deposits and investment products — competes with LiteFi's investment arm on retail AUM in Nigeria.
• Lidya: Nigerian/African digital lending platform focused on SME working capital loans using alternative data — closely comparable on SME lending segment and data-driven underwriting.
• Renmoney: Nigerian consumer and SME lender that is both LiteFi's on-lending partner and a direct competitor — offers salary loans, business loans and asset financing with overlapping product set.
• Carbon (formerly Paylater): Nigerian digital lending platform offering salary advances, SME loans and credit products to underbanked consumers — directly overlapping with LiteFi's salary and SME loan focus and similar alternative-data underwriting approach.
• Branch International: Pan-African digital lender providing instant loans to mobile users in Nigeria, Kenya, Tanzania and others using alternative data — operates in the same digital-lending category targeting salaried and informal borrowers.
• Cowrywise: Nigerian fintech providing automated savings and investment products including money-market and fixed-income access — directly competes with LiteFi Investment on retail investment products.
• FairMoney: Nigerian/African mobile lending platform providing instant personal and SME loans via a mobile app, with comparable self-serve digital onboarding and salary-based underwriting aimed at underbanked borrowers.

Broad incumbents

• Kuda Bank: Nigerian digital bank offering accounts, payments and increasingly credit products — a broader financial-services incumbent that competes for the same digital-first Nigerian retail customer base.

Emerging players

• Tala: Global mobile lending platform using smartphone data for credit decisions in emerging markets — overlaps with LiteFi's alternative-data underwriting philosophy though focused outside Nigeria.

Regional players

• M-Kopa: Pan-African pay-as-you-go asset financing platform for smartphones, solar and motorbikes — comparable in extending credit to thin-file African consumers using alternative data, though more asset-collateralized.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/LiteFiNG
• Facebookfacebook.com/litefing

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Litefi