Two start-ups in the GetFundedAfrica (GFA) network, Regxta and Trade Lenda, have received approval from the Federal Competition & Consumer Protection Commission for their applications, Regxta App and Trade Lenda Web App, respectively.
Regxta and Trade Lenda were among the 11 start-ups which participated in Rain 2022, GFA’s cohort fundraising program.
Congratulations Regxta and Trade Lenda!
Mobile and web apps have become the zeitgeist of our times and in businesses, they can prove even more pertinent. With the speedy advancement of digitalization, mobile applications are said to have already penetrated nearly 55 per cent of the worldwide web traffic. Social media, news, utility, lifestyle, etc. Mobile apps are changing the faces of many companies.
Even now, some organisations have their entire models built around mobile apps while others allow mobile applications to play an integral, supporting role in their operations.
Mobile apps can help to improve customer engagement, offer better user experience and increase the business’s visibility, to mention just three of the importance of apps to organisations.
Regxta and Trade Lenda are in tune with the times.
These start-ups joined over one hundred others who had their apps approved by the Federal Competition & Consumer Protection Commission last month; a heads-up to their businesses that they are part of the solutions to the myriad issues plaguing Africa, and contributing to the growth of the continent’s expanding ecosystem.
Both apps can be found in the Google Play store.
Regxta’s app serves the under-banked community in Nigeria to open accounts, save funds, and get access to micro loans, pensions, and insurance. The app further strengthens the mission of the start-up to speed up the growth of micro-businesses in Africa by alleviating poverty and hunger.
While Trade Lenda’s app is designed to provide hassle-free access to loans for MSMEs in the country. Trade Lenda is a financial service company assisting MSMEs with working capital for their business needs through short-term loans.
About GetFundedAfrica
GetFundedAfrica is building Africa’s largest tech-enabled marketplace, connecting African founders with global mentors, coaches, corporates, investors, and government. Whether you want to raise funds ranging from $100, 000 to $50m or you simply want to grow your business, sign up for free at: www.getfundedafrica.com.
