Paylater, the Nigerian fintech company specializing in consumer lending, has confirmed its name change in light of its growing banking services. The company is re-launching as “Carbon“, the rebrand reflects the company’s deliberate transition to a fully-fledged digital financial…
One Finance Limited (OneFi) has announced the acquisition of Amplified Payments (Amplify), a fintech company that builds and facilitates payment solutions and digital financial transactions in Nigeria. The deal, completed for an undisclosed fee, will see OneFi boost its financial…
One Finance Limited has announced that it has secured a $5 million debt facility for its consumer-facing platform, Paylater. The facility comes from New York and Nairobi-based Lendable, a technology-enabled funding provider to African consumer and SME lenders. The debt…
61% of the adult population in Nigeria is un- or underbanked. Fintech companies like Paylater represent an opportunity to get formal banking services in the hands of Nigerian consumers to provide liquidity for entrepreneurial investment, personal development, or unexpected expenses.…