Techmoonshot · Jun 2026
Market analysis naming CredPal as a leading BNPL/device-financing player in Nigeria and describing its merchant network and installment options.
CredPal is a buy now pay later company in Africa that allows…
Company research
Public company, workplace, funding, and market signals
Updated Jul 30, 2026
Overview
CredPal is a Nigerian fintech and consumer-credit platform based in Lagos that lets consumers and merchants buy now, pay later, split purchases, use a CredPal Card, and manage payments, savings, credit, and investments in one app. Most company-facing sources point to 2018 as the founding year, though some third-party databases list 2017.
Primary product
Buy now, pay later consumer-credit app plus CredPal Pay merchant checkout/financing platform.
Founded
2018
Headquarters
Lagos, Nigeria
Team size
100-150
Industry
Financial Services
Sub-industry
FinTech / buy now, pay later / consumer credit
Offices
Lagos, Nigeria
Yaba, Lagos, Nigeria
Business model
buy now, pay later (BNPL)
consumer credit / digital lending
merchant payment processing / checkout
embedded finance
credit cards
savings and investments platform
Funding
Stage
Series A
Total raised
$19.7M
Latest round
Angel · Jun 2022
Jun 2022 · The Cairo Angels Syndicate Fund
Mar 2022
Jan 2021 · Google for Startups Black Founders Fund
Dec 2020
People & investors
Leadership
Co-Founder & CEO/CIO
Co-Founder & COO
Head of Engineering
Work & culture
Public materials emphasize customer centricity, security, reliability, and inclusion. CredPal’s stated values are Catalyst, Commitment, Charge, Care, Craft, and Change, and its product messaging focuses on making credit more accessible and reducing financial friction.
Compensation
Public hiring posts do not show standard salary bands. One recent LinkedIn hiring post says compensation for a Head of Investment role is flexible and discussed based on experience and fit.
Product & market
Pricing
BNPL / installment-based financing; official pages describe 4 interest-free installments, pay-in-30-days, and longer monthly plans for some purchases, with merchants receiving instant payment in CredPal Pay flows.
Differentiators
- —single app that combines payments, savings, credit, and investments
- —omnichannel BNPL across online checkout, in-store, payment links, and QR codes
- —merchant receives instant payment while CredPal manages credit and risk
- —4 interest-free installments and longer repayment options on some products
- —credit-building and rewards features
- —merchant plugins/integration support for e-commerce platforms
Technology
JavaScript
Node.js
TypeScript
NestJS
React
Express.js
MongoDB
MySQL
Redis
RabbitMQ
Docker
Git
PHP
WooCommerce
Magento
Customers
consumers
merchants
e-commerce retailers
offline retailers
businesses
low- to middle-income shoppers
partner brands and marketplaces
Competitors
Klump
Carbon Zero
EasyBuy
Lipa Later
M-Kopa
PayJustNow
Payflex
Cashpally
Odiopay
PayQart
Scale & contact
Estimated revenue
$1M-$10M
Latest news
TechCabal · Jan 2025
CredPal partnered with CreditChek to add identity verification and creditworthiness checks for its credit card business, reinforcing the company’s push into credit infrastructure.
THISDAYLIVE · May 2024
Jumia Nigeria announced a BNPL partnership with CredPal so shoppers can spread payments over time, expanding CredPal’s checkout reach.
TechCrunch · Mar 2022
TechCrunch reported CredPal’s $15M debt-and-equity bridge round, the expansion plan into other African markets, and the company’s merchant/customer scale at the time.
TechCabal · Mar 2022
TechCabal covered the same bridge round and highlighted CredPal’s Airtel Nigeria partnership and expansion into Kenya, Egypt, Ghana, and Cameroon.
Jobs and careers at CredPal
0 jobs at CredPal
No open positions
Check back later for new openings