Nigerian businesses, especially in the healthcare sector, often suffer setbacks and are unable to scale their business due to lack of funds.

Vittas International is set on changing that narrative and is on course to providing the much needed financing solutions for healthcare providers.

The Fintech company, founded in 2019 by Collins Unogu, Eric Okemmadu and Sulav Singh, has made tremendous progress in promoting the novel digital financing sub-sector in Nigeria.

Sulav Singh is the CEO and brings his product and tech experience to Vittas and has helped the company create a product best suited for the healthcare market.

“With Vittas, healthcare providers can request loans from the comfort of their office, and receive inventory financing support which then allows them to focus their resources on other parts of their business – we’ve seen our customers grow a tremendous amount even during the pandemic with this level of support”. Sulav said.

Eric Okemmadu, the Chief Technical Officer of Vittas International, agreed with this summation as he stressed that healthcare providers had a lot of opportunities to grow by accessing financing solutions through the company.

“There is a range of benefits that Vittas International offers healthcare providers. Our company has created a unique financial underwriting method using non-traditional data sets; we also simplified the loan application process through our technology.

Vittas International is changing the lending ecosystem to allow businesses better access to working capital while, also, bringing transparency to the lending ecosystem through its tools to assess credit risk. We use proprietary technology to achieve this goal and also focus our resources on ensuring our customers have the best possible experience.”

Vittas International is beneficial to customers due to its inclusiveness, affordability, speed, convenience, simple procedure, and documentation.

Traditional lenders are reluctant to grant loans to businesses with no credit history as they are unable to assess risk but lenders better equipped to harness non-traditional credit data are disrupting the lending space and making it possible for the first-time borrower to get a loan.

Commenting on the uniqueness of the Vittas International initiative, Collins Unogu, the Chief Operating Officer, stated that a major attraction to the digital financing scheme is the time it takes for decision making.

“The average time to cash for small business loans is almost 25 days and small healthcare facilities definitely do not have that luxury of time. At Vittas International we cut that waiting time for credit to 24-48 hours through our unique combination of automated and manual verification processes.”

Interested healthcare providers don’t have to worry about paying huge interest for every loan request, Vittas International has affordable rates, no hidden charges and all dealings are made transparent. The best part is that there is no requirement of collateral unlike other companies and subscribers will get their loans within 48 hours. The loan processing and disbursement speed is what sets Vittas apart.

Vittas international’s website is easy to use and anyone can easily request for a loan via the website and be contacted immediately for the necessary information that should be provided.