CredPal VS Paytiko

Most Sub-Saharan African economies are largely cash-driven which has contributed to the people’s low purchasing power which consequentially has led to sub-standard living and many other financial difficulties. Many customers can neither pay outright nor access credit for purchases. It was on this premise that CredPal was created to provide a solution for the needs of the African consumer - consumer credit financing that offers credit cards and buy now, pay later.

CredPal is a financial technology company transforming the consumer credit industry in Nigeria with its consumer financing services. Through its credit cards and point-of-sale financing (popularly known as buy now, pay later) services to businesses and individuals, millions of middle and lower-class consumers can access credit for their everyday needs and large ticket purchases.

CredPal was established by longtime friends, Fehintolu Olaogun and Olorunfemi Jegede in 2018. In just a few years, they managed to turn a unique idea that began in a one-room office into one of the fastest-growing startups in Africa. Founded with the sole purpose of mainstreaming consumer credit in Africa and other developing economies, they have built a revolutionary consumer credit infrastructure geared towards credit inclusion, increasing consumers' purchasing power, and improving the standard of living.

A complete, customizable, and cumulative payment solution

We have formulated a business model that takes our clients into consideration through our clarity of services, simplicity in billings, and ease of use. Our services are offered through a standard one-year term service contract, annual monthly payment options, as well as pricing and portals separated by individual URL assets.

Considering all of this, we therefore adhere to the following “3 C” structure in attempt to bring a complete payment solution to all our clientele: Check Clients receive extensive support for all facets of our services, including transaction monitoring, error review, and resolution of technical difficulties. Additionally, we offer assistance via our dashboard or through a variety of other contact channels. Connect We effortlessly integrate a merchant’s services with numerous PSPs we work with, such as credit card processors, banks, e-wallet firms, and other financial institutions. Change Our back-office technology may be modified to monitor and accommodate each merchant’s criteria, such as deposit limitations, geographical specifications, currency levels, campaign objectives, and more.