Core Product Value Proposition

Pennee provides loans of up to ₦1,500,000 for your business growth, even if you don't have collateral or know a bank manager. You can get pre-approved loans on the Pennee app just two days after filling and verifying your personal and business details.

Major Loan Types

Asset Loans: Asset loans are for asset financing to purchase equipment, materials, and tools needed for business scaling and sales like photography gear, mixer, sewing machine, etc.

Inventory Loans: Inventory loans are for inventory financing. They go towards restocking your business on items for the business to be sold or used to offer services to your customers.

Overdraft: The overdrafts are a source of funds in your credit wallet to make payments needed to ensure the running/ operations of your business. You can use overdrafts to pay for services like payroll, running digital ads, bills, airtime and credit.

Other Product Features

Point Based Pennee System: A Pennee is Pennee's point-based system. This is how the platform rewards you for taking certain actions like referrals, repaying loans on time, hitting your projected sales.

Cashflow Management:Cash flow management is the feature that allows you to effectively keep track of all your financial information across multiple financial institutions. By adding/ connecting your bank accounts to Pennee in the profile section, you can manage your cash flow and optimize your loan application experience.