CredPal

CredPal is a buy now pay later company in Africa that allows…

Lagos, Nigeria · Founded 2018 · $16.5M raised

Fintech
Payments
Flexible Payments
YC W19
Headquarters
Lagos
Employees
11–50
Founded
2018
Business Model
B2C
Total Funding
$16.5M
Last Round
$15.0M AngelJun 2022
Rounds
5

About

CredPal is a Nigerian consumer fintech platform offering buy now pay later (BNPL) financing, allowing customers to purchase electronics, appliances, furniture, fashion, and other goods and split payments into four interest-free installments. The platform also provides dollar and naira virtual cards, bill payments, and credit-building services through its mobile app. CredPal partners with e-commerce platforms like Jumia and works directly with merchants to offer embedded checkout financing across Nigeria.

Summary

CredPal is a Fintech company based in Lagos, Nigeria, founded in 2018. It has raised $16.5M in total across 5 rounds, most recently a $15.0M Angel round in Jun 2022. Investors include Uncovered Fund, First Circle and Y Combinator Continuity Fund.

Tech & App Stack

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Funding History

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AngelAngel RoundJun 2022

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Series A through Angel — per-round amounts, valuations, and who invested in each round.

Investors

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