CredPal VS Regpack

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.

Regpack is an online payment software that allows businesses to collect and manage client data and payments from a secure back end dashboard. Email communication, integrated payments, recurring billing, reporting, and analytics are built-in. Regpack makes it easy to manage and charge clients securely with your team and embeds on your website for a seamless process.