Credpal

CredPal is a Buy Now, Pay Later (BNPL) credit platform for consumers who want to shop online or in-store and repay over time through instalment plans.

Key capabilities include:

• Pay Later instalments for purchases, including pay in 4 interest-free payments, payment within 30 days, or paying over time (tenure varies by plan)
• Multiple ways to pay through the CredPal app, the CredPal Card for everyday spending, and QR code payments at partner stores
• Credit access at checkout with KYC-based identity verification (including BVN use) and creditworthiness assessment to set and review spending limits
• Account and transaction security with multi-factor authentication, encryption, and continuous transaction monitoring

Available on Android and iOS via the mobile app; also supports web checkout integrations for partner merchants.

It targets B2C users, especially salaried Nigerians and working professionals who want flexible payment options for essentials and larger purchases.

Notable in the Nigerian market for combining BNPL, a dedicated card, and merchant checkout integrations, and for operating credit services via Dawakin Kudu Microfinance Bank Ltd, which is licensed and regulated by the Central Bank of Nigeria.