Locations
Lagos, Nigeria · Iju, Lagos, Nigeria · Aja, Lagos, Nigeria
industry
Finance
Size
11-50 employees
Stage
Pre Seed
founded in
2019
Vittas a Digital Lender using machine-learning/partnerships to provide loans. We built an inventory financing solution for Nigerian healthcare providers that allows them to purchase medications and medical equipment. We are also providing accounting/inventory software through a partner to our customers to increase our revenue while also getting access to this data to improve our risk assessment. Vittas was bootstrapped till Dec 2021. Since, we've raised $1.2M USD in private debt to meet the increase in demand from our 7 medical distribution partnerships. Now that we've proven product-market fit, we're thinking about our next stage of growth. So we'd love to get feedback on Vittas. Below are a few key traction numbers: *ARR: 520K+ *1.5% default rate *$500M+ in demand w/current partnerships *Cash Burn Neutral *Speaking with InfraCredit for 4.75M usd equivalent in debt (3.5 Bn naira) *Received a debt line from PiggyVest
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