Suplias
Suplias, formerly known as Suplias Technologies, is a fintech company based in Lagos, Nigeria, specializing in LPO financing with operations across Nigeria and Africa.
Company Overview
Suplias, formerly known as Suplias Technologies, is a fintech firm based in Lagos, Nigeria. The company operates within the fintech sub-industry, providing innovative financial solutions to businesses across Nigeria and other regions, including Africa. With a dedicated team of 9 professionals, Suplias is committed to facilitating financial transactions through modern, technology-driven services.
Services
Suplias offers a range of specialized financial services focused on LPO (Local Purchase Order) financing. The company provides funding up to 30 Million Naira, contingent upon a Memorandum of Understanding (MOU) with the company issuing the LPO. Suplias offers various financing tenures, from one week to three months, and utilizes virtual bank accounts for fund disbursement and repayments. They also provide early payment cash back incentives and impose additional charges for late or partial repayments.
Funding Requirements
To apply for funding from Suplias, companies must provide several documents, including Certificate of Incorporation (CAC documents), identification card, utility bill, Bank Verification Number (BVN), passport photograph, bank statements, current LPO, and previous LPOs. No collateral is required if an MOU is signed with Obtainly or if the vendor provides the necessary collateral.
Locations
Suplias operates primarily out of Lagos, Nigeria, with additional locations across the region. The company extends its services throughout Nigeria and Africa, and supports remote and partly remote operations, ensuring accessible services to a wide array of clients.
Y-Combinator S21 Batch
Suplias participated in the Y-Combinator S21 batch, a notable startup accelerator program. This involvement has helped Suplias refine its business model, enhance its technological capabilities, and expand its reach within the fintech industry.