# CredPal (YC W19): Financial services, Lagos, Nigeria

> CredPal (YC W19): CredPal is a Lagos-based fintech company founded in 2017, specializing in buy now, pay later (BNPL) solutions. Based in Lagos, Nigeria.

Source: https://millionrounds.com/startup/credpal-yc-w19 (Millionrounds; every figure on the page links to its filing or article)

Nigeria · [Financial services startup](https://millionrounds.com/companies)

# CredPal (YC W19)

CredPal is a Lagos-based fintech company founded in 2017, specializing in buy now, pay later (BNPL) solutions.

Email

Funding reported Last round: Seed

Financial services Lagos, Nigeria

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Company summary

- **Founded:** 2017 9 years old
- **Team:** 130 51 to 200 people
- **Funding reported:** 16.8M as listed, currency not stated
- **Last round:** Seed Jun 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for CredPal (YC W19) has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About CredPal (YC W19)

CredPal is a Lagos-based fintech company founded in 2017, specializing in buy now, pay later (BNPL) solutions.

The company offers a Visa-enabled credit card that allows consumers to make purchases and pay in installments over 30 days or spread payments across six months. CredPal also provides point-of-sale financing for merchants and personal loans for individuals, all accessible through a mobile app available on iOS and Android. With a mission to bridge the credit gap in emerging markets, CredPal focuses on financial inclusion by simplifying credit applications and enabling quick lending decisions. The company primarily serves lower-to-middle-income earners and retail businesses in Nigeria, enhancing customer satisfaction and promoting economic growth. Backed by Y Combinator and other investors, CredPal is positioned to redefine consumer credit in Africa, aiming to integrate payments, savings, credit, and investments into a single platform.

## What company datasets say CredPal (YC W19) raised

Funding, as reported

Reported in all **16.8M** in the source's currency

Rounds **13**

Last round **Seed**

Last round size **150k**

Last round date **Jun 2022**

Investors listed **20**

Y Combinator **W19**

## On 3 portfolio pages

Investors who name them

- [Acasia Ventures](https://millionrounds.com/fund/acasia-ventures)
- [RevTech Labs Capital](https://millionrounds.com/fund/revtech-labs-capital)
- [First Circle Capital](https://millionrounds.com/fund/first-circle-capital)

Each firm lists CredPal (YC W19) on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

information technology & services financial services startup fintech saas technology loans computer software credit credit scoring retail finance technology consumer financing

Built with from their website

Docker Google Tag Manager Excel Impact Google Cloud Google Ads Meta Audience Network Google Workspace CloudFlare LinkedIn Ads STUDIO

+8 more

Google Meet Firebase CloudFlare CDN Nuxtjs WhatsApp ElasticEmail Brevo Facebook Pixel

- **Sector:** Financial services
- **Industry code:** NAICS 522291
- **Region:** Lagos
- **Revenue:** 2.5M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/credpal)

## Financial services in Nigeria

Startups like it

- [**PalmPay** Lagos · founded 2019 *Raised*](https://millionrounds.com/company/palmpay)
- [**Daya** Lagos · founded 2025 *Raised*](https://millionrounds.com/company/daya)
- [**Creditchek** Lagos · founded 2021 *Raised*](https://millionrounds.com/company/creditchek)
- [**OPay** Lagos · founded 2018](https://millionrounds.com/startup/opay-3)
- [**One Finance & Investment** Lagos · founded 2012](https://millionrounds.com/startup/one-finance-investment)
- [**Transsnet Financial** Lagos · founded 2018](https://millionrounds.com/startup/transsnet-financial)
- [**Ultimcred Limited** Lagos · founded 2019](https://millionrounds.com/startup/ultimcred-limited)
- [**Access ARM Pensions** Abuja · founded 2004](https://millionrounds.com/startup/access-arm-pensions)

## Is this your company?

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