#Tech People

Meet CredPal Founders Fehintolu Olaogun and Olorunfemi Jegede

Nigerian consumer fintech startup, CredPal, has announced its raise of $1.5 million in a recent funding round.

The investors that took part in this round include US seed-stage accelerator, Y Combinator; Lagos-based fintech investment holding company, GreenHouse CapitalTangerine Life, a digital insurance company; and other VC firms.

Founded by Fehintolu Olaogun and Olorunfemi Jegede in 2018, CredPal started with providing point-of-sale consumer credit to lower-to-middle class income earners in Nigeria. 

That same year, the startup was able to gain recognition at Visa Everywhere Initiative for Sub-Saharan Africa. It won $25k and the Merchant Payments Challenge for allowing individuals and businesses to pay for purchases in installments across online and offline merchants. 

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