Nigerian fintech startup Swipe has raised US$500,000 in pre-seed funding this year as it looks to expand access to its various credit services. Founded in 2020, Swipe is a credit-focused tech company powering businesses in Africa by providing credit solutions to enable business growth and expansion through credit purchases. On the CAAS model, employees are allowed flexible access to up to 50 per cent of their earned salary via Swipe Card,” Temidayo Dauda, CEO of Swipe, told Disrupt Africa. By December 2021, Swipe was able to begin the implementation of MasterCard services to help users gain wider access to a vast pool of merchants. “We believe that this trajectory will drive credit card adoption beyond individuals and improve the overall perception of credit purchases across the country,” said Dauda.

Source: The North Africa Journal July 13, 2022 16:37 UTC