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ITC Featured Member: Adeshina Adewumi

02/02/2024
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ITC Featured Member: Adeshina Adewumi

by Raxer X.
02/02/2024
in ITC Featured Members, ITC News

Adeshina

Adeshina Adewumi – Founder & CEO of Trade Lenda

Adeshina is a visionary entrepreneur and the Founder and CEO of Trade Lenda, a leading fintech company operating in Nigeria. As a member of the International Trade Council, Adeshina brings a unique perspective on business, innovation, and financial inclusion to the table. Through Trade Lenda, he is revolutionizing access to credit for micro, small, and medium-sized enterprises (MSMEs) in the supply value chain sector, contributing to economic growth and sustainability.

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Adeshina holds a bachelor’s degree in accounting from Bowen University and a post-graduate diploma in Entrepreneurship from the Lagos Business School. With a deep commitment to the Sustainable Development Goals (SDGs), particularly SDGs 1, 8, and 9, Adeshina’s educational background and passion for entrepreneurship empower him to drive positive change in Nigeria and beyond.

Adeshina’s journey in the financial services industry began with his experience in academia and as a member of the Stanbic IBTC Group. In 2019, he founded One Kiosk, a platform supporting MSMEs in their online growth. It was during this venture that Adeshina identified a crucial gap in access to credit for businesses. This realization inspired him to launch Trade Lenda, a digital financial services company that provides credit to both online and offline MSMEs within the supply value chain sector.

Trade Lenda’s mission is to reduce missed opportunities resulting from limited credit access for MSMEs, thereby fueling their growth. With a focus on ethical financing, Trade Lenda stands out by offering approval and disbursement within six hours, a process four times faster than traditional alternatives. Notably, they do not require collateral, empowering MSMEs to seize opportunities promptly.

Adeshina Adewumi recognizes the pivotal role of MSMEs in driving economic growth and believes that timely access to working capital is crucial for their success. By facilitating credit for MSMEs in the supply value chain sector, Adeshina contributes to the growth and resilience of international trade. His innovative approach aligns with his commitment to sustainable development and financial inclusion, creating a positive impact on businesses, society, and the economy.

Adeshina’s success stems from his relentless dedication to improving access to credit for MSMEs. By leveraging technology and efficient processes, Trade Lenda enables faster approval and disbursement, empowering businesses to seize opportunities and drive growth. Adeshina actively seeks to bridge the financial inclusion gap by educating unbanked and underbanked individuals across Nigeria, fostering economic growth and broadening access to formal lending institutions.

Adeshina’s vision for Trade Lenda extends beyond Nigeria. With plans to expand across Africa, he envisions Trade Lenda as the leading finance solution for trade and commerce within the emerging market region by 2027. By providing value-added services and leveraging emerging

technologies like AI, Adeshina aims to revolutionize the lending landscape and support international trade on a broader scale.

Adeshina emphasizes the importance of attention to detail, cybersecurity, and understanding regulatory frameworks in the financial services industry. He encourages aspiring professionals to build and scale quickly, recognizing the dynamic nature of the industry. Adeshina’s approach to setbacks and challenges involves learning from them, adapting, and moving forward. His unwavering commitment to his vision and the potential impact of Trade Lenda’s work drives him to overcome obstacles and create lasting change.

While Adeshina’s professional life demands dedication and extra hours, he values the importance of rest and quality time with his family. Spending quality time with his loved ones, especially his children, brings him joy and fulfillment.

Adeshina Adewumi’s leadership, entrepreneurial drive, and commitment to financial inclusion position him as a valuable member of the International Trade Council. Through Trade Lenda, he is reshaping the lending landscape, empowering MSMEs, and contributing to international trade growth, all while fostering sustainable development and economic resilience.

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