Device finance in Nigeria: A case for BNPL
In an era where a smartphone is no longer a luxury but a fundamental tool for economic survival, Nigeria's "affordability gap" has never been wider. With inflation squeezing disposable income, the traditional model of outright cash purchases is being replaced by the rapid rise of Buy Now, Pay Later (BNPL). This shift isn't just about convenience; it’s a strategic response to currency volatility and a lack of traditional credit infrastructure. By leveraging alternative data and "pay-as-you-go" technology, BNPL providers are turning the dream of high-end tech ownership into a manageable monthly reality for millions of Nigerians, ultimately driving the nation's next wave of digital inclusion
We built Kolo to help you tame your bank accounts
The average Nigerian today has about three bank accounts, and most often than not, being able to see all bank balances across means juggling through bank apps, SMS alerts, email notifications. And when things go really bad, you start digging through pages of bank statements. Yet, even with these, it’s difficult to find everything. It’s […]
Best KYC providers for lenders in West Africa
So, who’s actually getting it right? Which KYC providers truly understand the complexities of lending in West Africa?