CredPal
Consumer credit, credit cards, and point-of-sale Buy-Now-Pay-Later (BNPL) for African consumers
What it does
CredPal was founded in 2018 by Fehintolu Olaogun and Olamide Opekun to build Buy-Now-Pay-Later (BNPL) platforms and credit card issuing tech in Africa. The platform enables consumers to finance retail online and offline purchases through flexible installment payments. Y Combinator-backed CredPal is recognized as a pioneer in African consumer credit card infrastructure.
BNPL (Buy Now Pay Later)Card issuing & managementSpend management & corporate cards
Known for
- Consumer Buy-Now-Pay-Later (BNPL) tech
- Y Combinator-backed fintech
- Point-of-sale credit checkout integration
- CredPal consumer credit cards
Model & industry
Card-Issuing-as-a-ServiceEmbedded FinanceRetail & E-commerce
Funding history
$15.0M
Total raised
2
Rounds
Undisclosed
Latest stage
2022
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2022-06 | Undisclosed | — | The Cairo Angels Syndicate Fund (CASF) |
| 2022-03 | Undisclosed | $15.0M | Credit Direct |
Source: Condia Funding Tracker
Products & subsidiaries
CredPal Checkout (BNPL) · POS Installment CheckoutCredPal Credit Card · Revolving Credit Card