#1 AI-powered credit decisioning solution for Africa
Faster, Safer Credit Decisions with AI-Powered Accuracy
Get instant credit approvals, reliable identity verification, and secure repayment collections. Power your lending and Buy Now, Pay Later offerings with AI-driven decisions trusted by banks, lenders, and merchants.
Why Vida
Why Vida - Boost your sales and minimize risk with Vida
Accelerate Growth with Instant Credit Approvals
Vida’s AI-powered decision engine speeds up credit approvals, reducing turnaround time and driving more sales. Say goodbye to long wait times and hello to increased customer satisfaction and higher conversion rates.
Reduce Defaults with Reliable Repayment Collections
Avoid revenue loss from missed payments and defaults. Vida’s seamless repayment collection integrates directly with customer bank accounts, ensuring consistent cash flow and reducing the risk of non-performing loans.
Protect Your Business with Advanced Identity Verification
Stop fraud before it starts. Vida’s robust identity verification and fraud prevention tools safeguard your business against identity theft and fraudulent transactions, giving you peace of mind and building customer trust.
USE CASES
Unlock Endless Possibilities with Vida
Banks
Banks face challenges with high default rates, identity fraud, and lengthy loan approval processes. Vida streamlines the lending process, enabling banks to make faster, safer, and more profitable credit decisions with AI-powered insights.
Cooperative Societies
Cooperative societies face high default rates due to the lack of reliable credit history for new members. With Vida, cooperative societies can now assess the creditworthiness of potential members before granting them access to loans.
Merchants
Merchants face the challenge of cart abandonment and missed sales opportunities due to customers’ inability to pay upfront. Vida empowers merchants to offer Buy Now, Pay Later (BNPL) options confidently, ensuring reliable credit decisions and seamless repayment collections.
Car Loans
Car dealerships and auto financing companies often face challenges with high default rates, identity fraud, and lengthy approval processes. Vida streamlines car loan applications with AI-powered credit decisions, ensuring reliable creditworthiness checks and secure repayment collections.
Government Grants
Government agencies and non-profits often face challenges in verifying applicant eligibility, ensuring transparency, and reducing fraud in grant disbursement. Vida simplifies this process with AI-powered credit profiles, offering reliable identity verification, transparent eligibility checks, and secure fund disbursement.
KYC and KYB Verification
In today’s digital economy, financial institutions, lenders, and businesses need reliable Know Your Customer (KYC) and Know Your Business (KYB) verification processes to prevent fraud, comply with regulatory requirements, and ensure secure transactions. Vida offers a seamless, AI-powered solution for accurate and efficient KYC and KYB verifications.
Solar Inverter Asset Financing
In emerging markets, the demand for solar inverters and renewable energy solutions is on the rise as individuals and businesses seek reliable power alternatives. However, the high upfront cost often makes these solutions inaccessible. Vida solves this problem by enabling lenders and solar companies to offer flexible asset financing with reliable credit decisions and secure repayment collections.
SME Loans
Small and Medium Enterprises (SMEs) are the backbone of many economies, driving growth and innovation. However, many SMEs face challenges in accessing financing due to inadequate credit history or unreliable financial records. Vida addresses this gap by enabling lenders to assess the creditworthiness of SMEs with accurate data insights and streamlined loan approvals.
Agricultural Loans
Agriculture is a vital sector driving economic growth and food security. However, farmers and agribusinesses often face challenges accessing credit due to inconsistent income cycles and limited credit history. Vida bridges this gap by providing lenders with comprehensive credit profiles and reliable repayment solutions tailored for agricultural financing.
Pre-Employment Background Checks
Vida simplifies pre-employment background checks by offering instant credit profile verification. Employers can use Vida to verify a candidate’s BVN, check credit reports, and assess financial behavior. This provides a comprehensive financial background, ensuring the candidate's integrity and reducing the risk of fraud.
Visa Applications at Consulates
Vida simplifies the visa application process by providing consulates with verified and comprehensive credit profiles. With advanced identity verification and detailed financial reports, consulates can quickly validate an applicant's financial standing, reducing fraud and speeding up decision-making.
TESTIMONIALS
What others have to say about us
VeendHQ has contributed significantly to scaling our business by using simple and user-friendly solu
Our business has greatly been enhanced since we signed on to VeendHQ. Great service!
VeendHQ has helped my organisation in many areas of our business operations.
I really appreciate the fact that VeendHQ as a platform is in the market to serve everyone. It will
Excellent partner! No defaults and 100% service availability.
ABOUT VIDA
Vida is the Assistant Your Team Needs to Improve Their Performance
Empower Your Sales Agents with Data-Driven Insights
Give your field sales agents the competitive edge they need by equipping them with instant insights into customer eligibility. Vida analyzes credit profiles in real-time, enabling your agents to target the right customers, close deals faster, and maximize sales opportunities.
Boost Credit Risk Officers’ Productivity with Vida Co-Pilot
Vida Co-Pilot acts as a digital assistant for your credit risk officers, offering intelligent suggestions based on comprehensive credit data and predictive analytics. It streamlines decision-making, minimizes errors, and enhances operational efficiency, allowing your team to focus on strategic risk management.
Seamless In-Store and Online BNPL Solutions
Enable your customers to shop now and pay later, effortlessly. Vida offers user-friendly tools for store managers to process Buy Now, Pay Later (BNPL) transactions and provides seamless API integrations for e-commerce platforms. This flexibility drives more sales both in-store and online, enhancing the customer experience.
FEATURES
Powerful Features to Supercharge Your Lending and BNPL Operations
Customer Referrals through CreditProfile.me
Leverage Vida’s strategic listing on CreditProfile.me to receive high-quality customer referrals. Our active marketing efforts drive traffic and create visibility for your financial products, helping you acquire more customers effortlessly.
Advanced Identity Verification & Fraud Prevention
Protect your business with our state-of-the-art identity verification system. Vida cross-checks customer details across multiple data sources to ensure authenticity and prevent fraud, giving you the confidence to lend securely
Reliable Repayment Collection Channels
Experience seamless repayment collections through payroll deductions and direct debit mandates. Vida ensures timely payments, reducing your risk of defaults and improving cash flow stability.
Comprehensive Bank Account Visibility
Get a 360-degree view of all bank accounts associated with a customer, helping you make better-informed lending decisions.
Custom Credit Profile Validation Links
Generate personalized credit profile validation links for walk-in customers, enabling a smooth and efficient onboarding process.
Request Additional Customer Information
Need more details for credit appraisal? Vida allows you to request additional information directly from customers to enhance decision accuracy
Flexible Payment Method Requests
Expand your repayment options by requesting additional payment methods from customers, making it easier for them to pay back loans.
Easy Bank Statement and Credit Profile Downloads
Download and print customer’s account statements and detailed credit profiles to simplify your documentation and credit review process.
AI-Powered CRO Co-Pilot for Informed Decisions
Boost your credit risk assessment with Vida’s AI CRO Co-Pilot. Get intelligent suggestions and insights for credit decisioning, reducing human error and bias.
Comprehensive Audit Logs
Maintain a clear record of all activities with detailed audit logs, ensuring compliance and accountability across your lending operations.
Instant Credit Decisions with Alternative Data
Speed up loan approvals using Vida’s AI-powered credit decision engine that leverages alternative data and bank statement analysis for precise credit scoring.
Seamless API Access
Integrate Vida effortlessly into your existing systems using our powerful APIs, giving you the flexibility to scale and innovate rapidly.
Managed Loan Servicing
Let Vida handle your loan servicing needs, from disbursement to repayment collections, so you can focus on growing your portfolio.
Customizable Credit Decision Frameworks
For enterprise customers, Vida offers tailored AI-powered credit decision frameworks to fit your unique risk management strategies.
Team Collaboration with Field Agent and Member Access
Empower your team by adding field agents and team members to your Vida dashboard, streamlining the credit validation and loan disbursement processes.
Experience the power of Vida today!
Sign up and revolutionize your operations with cutting-edge technology.
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Higher loan & BNPL approval rates
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Reduced default risks & fraud exposure
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Faster, data-driven lending decisions
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Increased revenue and business growth
We are backed by
API INTEGRATION
Powerful APIs for Seamless Integration
Integrate with Ease
Vida’s robust API suite is designed for seamless integration, allowing you to embed our powerful credit decision engine into your existing systems effortlessly. Whether you’re a bank, lender, or merchant, our APIs adapt to your workflows, minimizing disruption and maximizing efficiency.
Build Custom Solutions
Create bespoke financial products with Vida’s flexible APIs. From KYC and KYB verification to credit eligibility checks and repayment collections, our APIs give you the freedom to innovate while leveraging our secure and reliable infrastructure.
Fast, Secure, and Scalable
Develop at scale with Vida’s APIs, built with industry-leading security protocols to ensure data protection and compliance. Our cloud-based architecture guarantees high availability and rapid processing, enabling your business to grow without limits.
Comprehensive Documentation and Support
Get started quickly with our detailed API documentation and developer support. Whether you need technical guidance or custom integration assistance, our team is here to help you every step of the way.