Question 1

What is Migo and how does it work?

Accepted Answer

Migo is an embedded lending platform that enables companies to extend credit to consumers and small businesses directly in their own apps. It uses proprietary machine learning algorithms to assess credit risk from a company's customer data, then automates credit facilities through a simple API integration on cloud infrastructure.

Question 2

How much does Migo cost?

Accepted Answer

Migo does not publish a fixed pricing table; loan amounts, interest rates, and fees vary based on your profile, loan amount, and repayment history, and the exact cost is shown before you accept a loan offer.

Question 3

What countries does Migo operate in?

Accepted Answer

Migo operates in Nigeria and Brazil.

Question 4

How do I sign up for Migo?

Accepted Answer

You do not need to create a traditional account; simply visit Migo’s web app or dial *561#, verify your phone number, and complete the eligibility assessment to access loan offers.

Question 5

Who is Migo best suited for?

Accepted Answer

Migo is best suited for businesses, banks, and companies wanting to offer credit services like buy now pay later, cash loans, overdrafts, and credit cards to their customers, especially underserved and lower-income segments.

Question 6

How do I contact Migo support?

Accepted Answer

Email the partnerships team using the Contact Us form on the Migo website.

Question 7

Does Migo have a plan for teams or businesses?

Accepted Answer

Yes, Migo offers solutions for businesses and banks of all sizes through API integration to extend credit to customers. It also provides loans directly to individual borrowers.

Question 8

Does Migo offer an API or integrations?

Accepted Answer

Yes, Migo offers a simple API for integration to enable credit services. Businesses interested in integrations must contact Migo's partnership team for access to its embedded lending platform and integration support

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