Fintech startup CredPal secures US$1.5m in funding round for credit cards adoption and usability

NIGERIA – CredPal, Nigerian consumer fintech startup, has announced its raise of US$1.5 million in a recent funding round from leading investors to drive adoption and usability of credit cards in the country. The investors that took part in this round include US seed-stage accelerator, Y Combinator, Lagos-based fintech investment holding company, GreenHouse Capital, an unnamed digital insurance company, and other VC firms. Founded by Fehintolu Olaogun and Olorunfemi Jegede in 2018, CredPal started with of providing point-of-sale consumer credit to lower-to-middle class income earners in Nigeria. With this new…

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