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…
Public company, workplace, funding, and market signals
Updated Jul 30, 2026
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
0 jobs at CredPal
Check back later for new openings
Business model
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
Leadership
Co-Founder & CEO/CIO
Co-Founder & COO
Head of Engineering
Investors
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.
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
Technology
Customers
Competitors
Estimated revenue
$1M-$10M
Techmoonshot · Jun 2026
Market analysis naming CredPal as a leading BNPL/device-financing player in Nigeria and describing its merchant network and installment options.
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.