CredPal

CredPal is a credit solution offered by the vendor, designed to provide credit access for businesses and individuals across developing economies. According to the vendor, this product caters to a wide range of professionals and industries, including small business owners, retailers, e-commerce platforms, individuals seeking to build credit, and financial institutions. CredPal aims to empower users to achieve their financial goals and secure a brighter future through its versatile features and comprehensive financial services.

Key Features

Savings & Investment: According to the vendor, users can simplify their savings journey by setting a budget, tracking their progress, and enabling automatic transfers with their bank account. With flexible savings plans, users can earn up to 12% yearly interest and protect their savings from inflation. Additionally, they can grow their wealth in dollars with up to 8% p.a. interest rates.

Credit Builder: The vendor claims that users can build their credit score using CredPal's Credit Builder. This feature allows users to access credit through investments and demonstrate their ability to repay debts responsibly. By making repayments reported to the credit bureau, users can improve their credit record and potentially secure a brighter financial future.

Business Growth: The vendor states that CredPal Pay can help boost business revenue by expanding payment options and increasing conversion rates. With CredPal Pay, customers can pay later while businesses receive full payment at the point of sale. Businesses can also qualify for a business credit up to 1 million Naira, ensuring increased cash flow. The standard merchant dashboard helps businesses keep track of all orders and detect suspicious purchases in real-time to prevent fraud.

Seamless Credit Access: According to the vendor, CredPal offers seamless credit access for businesses and individuals across developing economies. Whether online or offline, users can buy anything and pay for it in installments through CredPal's innovative financial solutions. The vendor claims that this instant access to credit at the point of checkout simplifies the purchasing process and enhances financial flexibility.