Challenge

As pioneers in the consumer credit industry in Nigeria, CredPal required a liquidity partner to enable them meet up with the vast demand for their services and go to market with speed.

Solution

Advancly provided CredPal with a debt funding solution tailored to accelerate their working capital cycle and enable them gain ground quickly across unique markets. Advancly also supported CredPal with the seamless plug-and-play infrastructure required to utilise our solutions with increased efficiency.

Results

Today, CredPal enables over 3000 retail partners across Africa to provide Buy Now Pay Later services to their customers. They have grown into new markets in record time and pioneered innovative products and services such as their FNPL (Fly Now Pay Later) service, which is making affordable travel accessible across West Africa.

Progress for one, Progress for all.

Advancly and CredPal’s partnership is powered by our mutual dedication to the tenets of responsible lending. As responsible lenders, we are ultimately driven by the wellbeing of our end customers and work daily to ensure that we enable Africans to build healthy relationships with credit.