Empowering Pensioners & Students Across Nigeria
Since 2018, we've delivered financial, social, and healthcare support to underserved communities in Nigeria—and we're just getting started.
Our Mission
We aim to become the most impactful, specialist consumer lender in West Africa—offering affordable, pension- and student-focused loans to underserved communities.
Our Vision
To be the largest specialist finance company in Africa—delivering tailored products and services to pensioners, learners, and other underserved groups.
At Penaid, our values put you first, not profit — they shape how we serve you every day.
Community First - Finance with Empathy
We believe finance should be human. Every product we create, every interaction we have, is shaped by the belief that people come first. We're not just here to give out loans — we're here to understand your story, earn your trust, and support your goals. That means listening, adapting, and designing financial services that fit real lives, not spreadsheets.
Transparent & Fair - No Hidden Fees, Fair Rates
We do things the honest way. You'll always know what you're getting into — no small print tricks, no last-minute surprises. Our pricing is fair, our terms are clear, and our commitment to ethical lending is non-negotiable. We're proud to be a lender you can count on for clarity and fairness at every step.
Inclusive Access - Bridging Financial Gaps
Too many Nigerians are left out of the traditional financial system. We're changing that. Whether you're a pensioner, or someone building for your future, our doors are open. We use tech and empathy to reach more people, in more places, with more flexible options.
Support - Guidance, Follow-Up & After-Care
We don't stop at disbursement. From the moment you apply to your final repayment, we stay with you. Our team is always available to guide you, answer questions, and provide help whenever you need it. Because true support means showing up — not just once, but every time it matters.
Meet The Team
The experts working to make access to credit simple, fair, and personal — whether you're retired or still building your future.
CEOAkinola Sowemimo
17+ years in global emerging markets finance. Holds an MBA from Imperial College London and previously CIO at Ecobank Development Corporation.
COOEyitayo Kanadet
Strategist and partnerships expert with 11+ years' experience working with fintechs and banks across West Africa.
CTOToheeb Ogunleye
IT & cyber-security specialist with 9+ years in fintech and government tech deployments across Nigeria.
Moments That Matter
Take a look at some of our favorite highlights — from happy customers to team milestones.
