Egypt-based venture capital firm The Cairo Angels Syndicate Fund (CASF) has made an undisclosed investment in CredPal, a Nigerian fintech backed by Y-Combinator and Google.
CredPal will use the CASF funding to expand its services across Africa, with a focus on key markets such as Egypt, Kenya, Ghana, and Cameroon.
CredPal is a fintech that enables businesses and individuals to buy anything and pay for it in installments with online and offline merchants. The fintech provides a platform that allows users to create accounts and select payment plans while leveraging technology to reduce risk and seamlessly connect to multiple financial institutions that provide credit to customers.