Application YC di Payhippo

Summer 2021Active

Payhippo ha partecipato a Y Combinator nel batch Summer 2021 come azienda Fintech. Sotto: cosa fa l'azienda, chi l'ha fondata e la sua application a YC, ricostruita domanda per domanda nel form reale di YC.

Batch YC: Summer 2021
Settore: FintechCredit and Lending
Dimensione team: 11
Stato: Active
Lanciata: 2021

Founder

Zach BijesseFounder
Chioma OkotchaFounder

Cosa fa Payhippo

Payhippo provides loans to small businesses in Africa in under 3 hours. We made $42k in revenue in Nigeria in July 2021, growing 25% m/m with a 97% repayment rate.

Application YC di Payhippo, ricostruita

Domanda per Y Combinator

Payhippo, batch Summer 2021. Le vere domande del form, risposte da dati pubblici.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Payhippo

Describe what your company does in 50 characters or less.

Loans to Nigeria's SMEs in under 3 hours

What is your company going to make? Please describe your product and what it does or will do.

We provide small businesses in Nigeria loans that they can apply for and receive approval in under 3 hours. Our product uses data to assess credit risk quickly and deliver short-term financing to SMEs who otherwise struggle to get loans from traditional banks.

Where do you live now, and where would the company be based after YC?

We live and operate mainly in Lagos, Nigeria, but also have remote team members. After YC, we plan to keep the company based in Lagos with some remote operations.

Explain your decision regarding location.

We are based in Lagos because that is where Nigeria's biggest concentration of SMEs is, and where the need for rapid, accessible loans is highest. It's critical to operate close to our users' contexts and banking systems.

21 risposte in più nell'application completa

Founders, Progress, Idea, Equity, Curious, Batch Preference sono nella versione completa. Crea un account gratuito per aprirla in YC Insights, accanto a ogni altro batch YC.

Vedi domanda completa

Domande Frequenti

Questa è l'application YC reale di Payhippo?

No. Y Combinator mantiene private le application inviate. Questa è una ricostruzione: le domande del form YC reale, a cui si è risposto usando i dati pubblici di Payhippo (note di lancio, background dei founder, descrizione del prodotto). Mostra come un'azienda come Payhippo si presenterebbe a YC, non il testo che hanno inviato.