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In a major step for financial inclusion, Greenbii, Africa’s leading business management software, has announced a strategic partnership with 10mg Credit, a Nigerian fintech providing instant, collateral-free loans to healthcare providers.
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This collaboration directly tackles the critical challenge small and medium-sized enterprises (SMEs) face in accessing credit by transforming their operational data into trusted financial profiles for lenders.
The $330 Billion Problem: Africa’s SME Credit Gap
The potential of African SMEs is vast, but their growth is severely hampered by a massive financing gap. In sub-Saharan Africa alone, this SME credit gap is estimated at over $330 billion annually. The core issues are multifaceted: high-interest rates, stringent collateral requirements, and a widespread lack of organized financial records. Many viable businesses remain “invisible” to traditional lenders because they cannot produce the structured data required for loan approval.
The Greenbii Solution: Creating Order from Chaos
Greenbii addresses this foundational problem by giving SMEs a single platform to manage their core operations—including bookkeeping, invoicing, payroll, and customer records. By centralizing this data, businesses automatically generate accurate, organized financial records. This not only improves day-to-day decision-making but also creates a clear and auditable trail of their financial health.
The 10mg Credit Engine: Trusting Data, Not Just History
10mg Credit utilizes advanced scoring models that analyze a business’s financial behavior, stability, and patterns. By integrating its system directly with Greenbii’s robust data, 10mg Credit can build a transparent and reliable credit profile for each business. This data-driven approach moves beyond traditional metrics, allowing lenders to assess risk with greater confidence.
Tangible Benefits for African Entrepreneurs
This partnership translates into clear, practical advantages for business owners:
- Trusted Financial Records: Automated, accurate records that genuinely reflect business performance.
- Improved Loan Access: Reliable data opens doors previously closed by a lack of documentation.
- Faster, Predictable Approvals: Lenders receive consistent, verifiable information, streamlining the decision process.
- Data-Driven Lending: Loans are assessed on real-time business activity rather than just historical credit.
Leadership Perspectives: Building Bridges for Growth
Vincent Edigin, CEO of Greenbii, stated, “We built Greenbii so African SMEs can run smoothly without juggling dozens of tools. But operational efficiency alone isn’t enough for growth—businesses need capital. By partnering with 10mg, we’re helping SMEs turn their daily operations into a trusted language that lenders understand.”
Christian Nwachukwu, Founder of 10mg Health, added, “As a pharmacist, I saw clinics struggle to restock because they couldn’t secure quick loans. That frustration led me to build a platform that uses real business signals, not just credit history, for fair lending. Partnering with Greenbii means more SMEs can finally turn their daily work into growth opportunities without unnecessary hurdles.”
This alliance marks a significant milestone in empowering Africa’s entrepreneurial backbone. By seamlessly bridging business operations with financial services, Greenbii and 10mg Credit are unlocking growth for the millions of SMEs that have long been underserved.
