Shecluded – a Nigerian fintech company providing simplified access to financial services and business resources for women, has been awarded equity free funding by Google for Startups through Black Founders Fund Africa. The funding is to be put towards the development of Shecluded’s technology-enabled product tailored to women.
Founded in 2019 by Ifeoma Uddoh, Shecluded has so far disbursed over $500k in growth loans. The company has also enabled 17,500+ women with access to business development support, wealth advisory, health insurance, credit education, as well as financial and business literacy resources.
In line with its dedication to nurturing and enabling women for financial growth and business success, Shecluded is now focused on advancing its resource and developing an even more simplified and accessible technology platform.
The funding will be used to develop Shecluded’s mobile application – expanding its capacity to simultaneously process thousands of loan applications and service requests. It will also enable the set up of operations across key regions in Nigeria and West Africa, increase in its marketing efforts, and staff strength to meet growing demand.
“Our mission is to put more money in women’s hands and adopting more advanced technology will allow us to reach more women. We are super excited about this funding, as well as the mentorship and support that comes with it. We look forward to all the meaningful impact it will make for the women in our network”.Ifeoma Uddoh, Founder/CEO of Shecluded.
“At Shecluded, we are seeing firsthand the urgent need for women to easily access key financial growth services. We believe that an advanced technology platform will go a long way to improve our ability to reach and provide these important resources to more women across more regions/locations.”
About Black Founders Fund:
Black Founders Fund, is a Google for startups program giving access to funding to black-founded startups in Africa. This fund provides equity free funding, Google platform credits, and technical support to early-stage startups in Africa to grow their companies and create meaningful impact in their communities. The aim of the fund is to bridge the existing fundraising gap for startup founders in Africa’s fast-growing technology landscape.