How Lipalater, Africa’s Leading BNPL Firm Is Changing The Consumer Credit Landscape In Nigeria

Lipalater is Africa’s leading Buy-Now-Pay-Later (BNPL) firm, with a strong platform, powered by a proprietary credit model, that enables retailers to sell their products to customers, on credit, at point of sale, with customers paying for their purchases in affordable, monthly instalments.

Lipa Later, a $12 million BNPL startup, plans to expand throughout Africa - Innovation Village | Technology, Product Reviews, Business

Lipalater currently have over 5000 retail partners they are working with and can increase retailer’ sales by up to 30%, as well as increase customer retention by 25% with no risk and a wide reach tapping into new customer segments.

Lipa Later plans to forge more partnerships with merchants to cover more locations in Nigeria.

https://app.lipalater.com/ng/customer/signup?ref=Articto

“Lipa Later is not only changing the consumer credit landscape in Nigeria, which has been largely inaccessible for many, but also catalyzing the future and culture of shopping, e-commerce and payments. We’ve done this in a product and customer-led way that benefits both merchants and consumers, and has proven to be incredibly scalable”, said Country Manager-Nigeria, Lela Omo-Ikirodah.

Lipa Later’s proprietary credit scoring and machine learning system enables consumers to sign up and get a credit limit almost instantly. We have also built a BNPL API which integrates into e-commerce platforms and enables merchants to sell products directly to consumers. This makes it possible for consumers to remit monthly installments for items purchased.

Lipa Later is a multinational digital lending marketplace providing “buy now pay later” services and a leading player in the Nigerian market, the company currently operates in Kenya, Nigeria, Uganda and Rwanda, and looking to launch in new markets such as Ghanaand Tanzania.

 

Leave a Reply