Trade Finance + Insurance Stack
Nigeria's first event-native embedded finance layer — factoring, insurance and settlement services built into the transaction rails. Monetises every naira flowing through the platform while unlocking working capital for vendors and de-risking events for organisers.
₦65.0M
Combined across 3 products
₦283.9M
Growth: 60 / 50 / 40 / 30%
₦827.3M
Cumulative finance revenue
75%
Partner rev-share + risk provisions
Market Impact — Year 1
Real transaction volumes flowing through the stack (Moderate scenario)
₦2.1B
Invoice volume factored Y1
Working capital unlocked for vendors at 2.5% take rate
₦120M
Insurance premiums placed Y1
15% commission on cover for ~1,200 events
₦480M
Escrow deposits protected Y1
Reduces vendor disputes by ~65% (industry benchmark)
40%
Vendor cash-flow gap addressed
Median 90-180 day payment delay collapsed to T+5
ARR Trajectory by Product
Moderate scenario · yearly ARR per finance component
- Escrow
- Factor
- Shield
iAriya Factor (Trade Finance)
5 products
Factoring, reverse factoring, PO financing and sponsorship receivables — origination fees on ~₦2.1B factored volume in Y1
iAriya Shield (Event Insurance)
5 products
Embedded event cancellation, public liability, equipment, weather and professional indemnity cover — 15% commission on ~₦120M premiums
iAriya Escrow (Settlement)
3 products
Escrow and settlement services — protects deposits, releases on milestone, reduces disputes
Year 1 Revenue Mix by Product
Product-level breakdown across Factor, Shield, and Escrow
| Product | Stream | Y1 Revenue |
|---|---|---|
Factor | Factoring origination | ₦25.0M |
Factor | Reverse factoring | ₦8.0M |
Factor | PO / sponsorship financing | ₦5.0M |
Factor | Vendor working capital | ₦3.0M |
Factor | Underwriting API | ₦1.0M |
Shield | Cancellation cover | ₦6.5M |
Shield | Public liability | ₦4.5M |
Shield | Equipment cover | ₦3.5M |
Shield | Weather / force majeure | ₦2.0M |
Shield | Professional indemnity | ₦1.5M |
Escrow | Escrow fees | ₦3.0M |
Escrow | Milestone release | ₦1.5M |
Escrow | Disputes arbitration | ₦500.0K |
| Y1 Total | ₦65.0M | |
Competitive Landscape
No event-native embedded finance stack exists in Nigeria today. Adjacent players cover single verticals or single products — iAriya is the only end-to-end integrated offering.
| Player | Focus | Factoring | Insurance | Escrow | Embedded |
|---|---|---|---|---|---|
iA iAriya Finance Stack Event-native, embedded on marketplace + planner flows | Events | ||||
AC Advantcen / Fluna General invoice factoring for Nigerian SMEs | General SME | ||||
TD TradeDepot FMCG supply-chain finance (vertical-specific) | FMCG | ||||
AX AXA Mansard / Leadway (event insurance) Broker-led event cover, manual quotation, no API | Insurance only | ||||
EB Eventbrite Payments (US) Ticket-payout advance only, no vendor financing or insurance | Ticketing (US) |
Why this rewrites the investment thesis
Category-defining moat
Every ₦ flowing through the marketplace becomes a monetisable transaction — factoring, insurance premium, or escrow. Rivals can copy features; they can't copy the transaction graph.
Bank & insurer partnership TAM
₦2.1B invoice volume Y1 + ₦120M premiums = a proven deal-flow engine for partner banks (Access, Sterling, Fidelity) and insurers (AXA Mansard, Leadway).
Vendor stickiness
Once a vendor factors one invoice or insures one event through iAriya, switching cost jumps materially. Finance is the deepest possible network-effect lock-in.