Challenge

LipaLater exists to close the yawning gap in the consumer credit market in Africa by providing BNPL services to customers of e-commerce stores. They required a liquidity partner to provide them with working capital to scale their operations and expand into new markets.

Solution

Advancly backs LipaLater with debt capital to fuel their BNPL business model, enabling them to provide support to the very bottom of the pyramid.

Results

Support from Advancly has been key to LipaLater’s expansion into new markets i.e. Uganda, Kenya, Rwanda and Nigeria. Today, customers of e-commerce stores in these countries have access to LipaLater’s BNPL services, which equips them to afford everyday products they need to improve their quality of life.

Empowering Africans with Technology for Growth

Beyond a means of communication, the smartphone has become a gateway to a world of information, education and opportunities. LipaLater is building a world where financial constraints do not inhibit people’s access to this crucial tool they need to succeed in today’s digital and interconnected world. With Advancly, LipaLater is breaking down the access barrier between people across Africa and credit.