Question 1

What is Advancly and how does it work?

Accepted Answer

Advancly is a digital lending platform that provides debt capital and embedded finance services to MSMEs in Africa and emerging markets. It works by using machine learning and AI for automated credit risk assessment, offering products like Advancly Spark for direct credit access and Advancly Embed for businesses to extend loans and financial services to their ecosystems via API integration.

Question 2

How much does Advancly cost?

Accepted Answer

Advancly operates on a custom/partner-based model, where its credit infrastructure and lending products are typically tailored to the needs of each business or institution rather than a fixed off-the-shelf pricing plan.

Question 3

What countries does Advancly operate in?

Accepted Answer

Advancly operates in 6 African countries, including Nigeria and Kenya.

Question 4

How do I sign up for Advancly?

Accepted Answer

Visit advancly.com and click 'Get Started' to follow the prompts and join their progress network.

Question 5

Does Advancly have a mobile app?

Accepted Answer

Yes, Advancly has mobile apps available for both Android and iOS devices.

Question 6

Who is Advancly best suited for?

Accepted Answer

Advancly is best suited for MSMEs, entrepreneurs, and aggregator businesses in Africa and emerging markets seeking credit for growth, as well as platforms wanting to embed lending services.

Question 7

How do I contact Advancly support?

Accepted Answer

You can contact Advancly support by emailing enquiries@advancly.com or calling +234 708 980 1294 during business hours.

Question 8

Does Advancly have a plan for teams or businesses?

Accepted Answer

Yes, Advancly offers solutions like Advancly Embed for businesses to extend financial services to their ecosystems, customers, staff, and partners.

Question 9

Does Advancly offer an API or integrations?

Accepted Answer

Yes, Advancly offers a public API. View the official Advancly API documentation for endpoints, authentication, and integration guides.

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