Aladdin Digital Bank completes debt financing deal of up to $3.5 million


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Aladdin Scheme Ltd, the leading digital ecosystem bank in Nigeria, has announced the successful conclusion of a debt financing agreement of up to $3.5 million. This debt financing will power its digital lending products to provide a wide range of lending options including; Nano, micro, payday, auto, SME loans, etc.

It successfully launched its nanoloans and microloans product last week and began rolling out its employee loans of up to $10,000.

Over the past two months, digital bank Aladdin has grown from a digital banking app to a full-scale financial powerhouse for individuals, freelancers and SMEs, consistently delivering cutting-edge digital products across its banking platforms to support their hustle.

Aladdin is Africa’s first ecosystem bank that supports SMEs, freelancers and individuals with the financial, business and social tools they need to thrive. On Aladdin, users can borrow, save, invest, make payments, get cards, get insurance, buy and sell products and services, and interact with other users.

Become an investor in Aladdin

Our goal is to create a digital bank to help SMEs and freelancers across Africa access more financial tools and opportunities in one place.

We can make it happen faster with your help.

If this is something you believe in, you can join our community of investors by making an investment with as little as $100 at The investment ends on May 19, 2022.

For more on Aladdin, visit or connect with us on Instagram, Facebook, LinkedIn, Twitter and Telegram.

The mobile application is available for download on the Google Play Store and the Apple Store.

Eng: @aladdinbankng

Facebook: @aladdinbankng


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