Driving Progress: Advancly and Bolt Nigeria Team Up to Provide Drivers with Access To Credit
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Powered by Advancly, drivers on the Bolt platform can now access short-term loans to meet urgent needs.
Advancly is proud to announce that we have partnered with Bolt Nigeria to provide drivers on Bolt with access to credit. This strategic collaboration aims to support drivers’ financial needs, enabling them to receive up-front earnings and boost their productivity.
Through this partnership, drivers who earn consistently on Bolt will have seamless access to Advancly’s credit solutions via an integration with Bolt. This integration streamlines the borrowing process for Bolt Drivers, offering a hassle-free experience and access to low-interest, short-term loans to cover pressing expenses such as fuelling and maintaining their cars, ultimately empowering them to enhance their services and grow their income.
“We recognize the vital role that financial stability plays in the lives of our drivers,” added Yahaya Mohammed, Country Manager at Bolt Nigeria. “In addition to our platform, we are excited to offer them additional resources that will help them manage their finances, provide exceptional services to riders and ultimately grow their businesses with Bolt.”
Launching first in Lagos and Abuja in beta, this strategic collaboration marks a significant milestone in providing healthy financial options to people who work within the gig economy, underscoring Advancly and Bolt’s dedication to empowering people to take control of their finances, on their terms.
Drivers who are eligible to access this benefit based on their consistency and track record with the Bolt platform will be able to do so in the “Bolt Rewards” section of the Bolt Driver app.