Nigerian “buy now, pay later” (BNPL) startup CredPal has raised funding from the Cairo Angels Syndicate Fund (CASF), a micro-venture capital fund that invests in early-stage startups in the Middle East and Africa. Launched in 2018 by Fehintolu Olaogun and Olorunfemi Jegede, CredPal is a consumer credit platform that gives buyers the freedom to buy now and pay later, and helps merchants acquire more customers to increase sales. “This support from Cairo Angels Syndicate Fund reinforces our mission to improve the quality of life of Africans through easy access to consumer credit. Its syndicate fund is a micro-venture capital fund that invests in post-seed and pre-Series A startups, with a particular focus on Egypt, the United Arab Emirates (UAE), Saudi Arabia, Nigeria, Kenya, and South Africa. “We couldn’t be more proud of our investment in CredPal, which is our first investment in Nigeria.

Source: The North Africa Journal June 21, 2022 10:50 UTC