Alternative Circle started off as a digital lending company in 2016.
In 2017, we partnered with CreditInfo Group and launched our first digital financial product, the SHIKA APP. We acquired over 100,000 customers and gave over 20,000 loans. By 2019, our loan portfolio was profitable. However, due to the Covid-19 pandemic, we decided to halt the SHIKA APP and expand our scope with the aim of enabling entrepreneurship by investing time and capital in building industries of the future.
We are no longer just a digital lending company. We are a Solutions Company. We provide entrepreneurs and businesses with solutions based on the insights gained by lending to the informal sector entrepreneur and investing in SMEs for the last 16 years.
We currently pursue partnerships with entrepreneurs looking to scale their business by providing them with access to our technology solutions,capital solutions and exposing them to our vast networks in both public and private sectors.
Our current strategic plan envisions building and growing new markets in Agriculture, Insurance and Lending, New Age Media, Sports and Entertainment, Real Estate and Sustainable Energy.
We seek to partner with long-term players and create a win-win relationship. We are particularly interested in opportunities with high impact potential that we define as the creation of new jobs, the development of new market segments, and the ability to generate a minimum revenue of 1 billion dollars in twenty years.