CredPal- Learn How To Buy Items and Pay Later at Your Convenience In 2022 (Credpal Review)

In Nigeria today, so many fintech companies are coming up with different innovative ideas that can help simplify how things are done. Today, most of the things we considered impossible some years ago are now possible through the help of modern-day technologies such as mobile apps, the internet, and machine learning technologies.

With CredPal, if you’re looking forward to buying something online and don’t have enough money to get it, then you should consider using CredPal.

CredPal mobile platform is your number one finance company that helps you in getting things you wish and allows you to pay later with minimal interest in the long run.

Before I dive into more details on how you can sign up with credPal, things you can do with credpal and how you can get the best of the CredPal mobile app let me give you some key things you need to note and have at the back of your mind while you use the credpal mobile app.

Key Notes About CredPAl Mobile App

  • Buy and pay later 
  • Access to goods from different merchants on one app
  • Easy signup process
  • Buy things like television, sound system, smartphones and many more.

Also Read: The Best Credit Card That Gives Cash Back-2022(Read Now)

CredPal- Learn How To Buy Items and Pay Later at Your Convenience

Also Read: Target Credit Card(All you need to know)

What Is CredPal?

CredPal Is a Financial service provider owned by Bishop Microfinance Bank. The Platform is fully regulated by the Nigeria Apex Bank (CBN).

Credpal is pretty popular today due to its innovative financial solutions that have been touching the lives of so many Nigerians today. The company offers different services such as Investment and Credit Services. 

The CredPal Credit Solution allows individuals and different businesses to leverage the possibility of buying anything online or offline and paying back later in instalments from any of their verified merchants.

CredPal is an online merchant platform that has a mobile app that allows registered and verified users to purchase any goods of their choice such as smartphones, television, sound system and many more. 

The company is a licensed financial company controlled by the Nigerian apex bank (CBN). With the Credpal App, consumers can purchase goods online or offline from verified and approved merchants and pay them back in instalments. With this put in place, as a consumer or registered user, you can buy any good of your choice and then pay back at your convenience.

One amazing thing about Credpal is the investment feature that allows users to earn as high as 18% ROI.

Who Is The CEO and Founder Of CredPal?

Founder and co-founder of CredPal
Founder and co-founder of CredPal (Image Credit

According to Crunch BaseCredpal was founded by a Nigerian known as Fehintolu Olaogun and the current CEO of CredPal.

As of the time of writing this article, the company has three major employee profiles which are Fehintolu Olaogun (Co-founder & CEO)Olorunfemi Jegede (Co-Founder & COO), and David Roos (Business Development Associate).

What Are The Major Services Offered By CredPal?

As I have mentioned before, CredPal is a multiservice platform that allows merchants to sell to consumers on credit while CredPal takes care of the process of retrieving the money back.

The company or mobile app primarily offer credit and investment services.

Below are some of the major services being rendered by CredPal.

  • Buying Goods and Paying later

CredPal App allows you to buy different essentials from their verified merchants and pay back in instalments within a space of 2-6 months depending on your loan tenure.

  • Earning Opportunities For users

You can earn while using your CredPal App. This earning feature on the app allows you to save some money and receive a huge mouth-watering RIO while you still take care of your urgent expenses using a loan.

  • Giving out digital loans

The credPal app allows users to get access to a digital loan which they can send directly to their bank and spend as cash to solve any pressing or urgent issue.

  • Onboarding Of Qualified Merchants.

Anyone who has a business that falls under the category of the goods being sold on the credpal app, that individual can sign up as a partner with CredPal. Upon verification of the merchant, the merchant can then list his business and start selling to customers.

How To Shop On CredPal On Credit?

For you to shop on CredPal on credit, you’ll need to follow the simple steps below.

Step #1

Visit the official website of CredPal at

Step #2

Click on “SHOP” on the navigation menu of the site and wait for it to load.

Step #3

Locate your prefered merchant from the list of available merchants on the platform and start shopping.

How To Become a Merchant With CredPal

Becoming a merchant with credpal is pretty easy and straightforward once you meet the basic requirement.

The first thing you’ll need to do is to sign up for a free business account with CredPal and start selling. To do this, follow the steps below.

Step #1

Visit the official website of CredPal at Make sure you confirm the URL and be sure you’re on the official site of CredPal.

Step #2

Go to the navigation bar of the website and locate where it says “Merchant Terms Of Service” click on it or visit and read everything.

Step #3

Click on the big blue button around the navigation of the site that says “Become a CredPal merchant”. You can locate it in the header section of the site.

Step #4

Fill in your correct details and ensure the form is properly filled. Upon completion, click on the signup button, and follow all other subsequent instructions.

What Are The Required Documents To Sign Up For CredPal?

To signup for a free account with CredPal, you’ll need to provide some basic information which are;

  • First Name
  • Last Name
  • Business Name
  • Phone Number
  • Email Address
  • BVN (Bank Verification Number)

What Are The Interest Rate On CredPal?

On the CredPal Platform, you can purchase any type of product and pay later with a 0% interest. You’re expected to pay back whatever you bought in 2-6 months’ time.

How To Invest On CredPal Using The Investment Feature?

To start investing in CredPal and making money from it, just follow these simple steps.

Step #1

Visit the official website of Credpal at

Step #2

Click on the navigation “INVEST” option on the navigation bar of the website. A new page will come up. You can still visit the investment page by clicking on

Click on the big blue button where it says ” Enjoy 18% Investment Returns”, it will take you to the google play store where you’ll be asked to download the Credpal Mobile app. If you already have the app, you don’t need to do that. Just open the app and follow the process.

What Is The Interest Rate Of Credpal Investment?

As an investor in credpal, you’ll earn an 18% interest on the platform. With this, you’re guaranteed wealth while using a fixed deposit investment.

How To Download The CredPal Mobile App

The Credpal Mobile App is available on two different operating systems (Android & iOS). To download the Credpal Mobile App, follow these steps.

Step 1#

If you’re on an android device, visit the google play store and search for “CredPal App”. If You’re on an iOS device, visit the Appstore and search for “CredPal” and download.

Step #2

You can also download the CredPal App on Google Playstore or iOS Appstore. 

How To Contact CredPal Customer Support Or CredPal Head Office

In case you encountered any problem while using CredPal, you can contact their customer support through the address below.

Address: 75b Olonode Street, Off Spencer St, Alagomeji-Yaba, Lagos

Email Address:


Phone Number: 01 700 7999


CredPal is a 21st-century platform that has come to stay in Nigeria. The company will keep up releasing new updates and create other amazing features that can be very useful in the future. With the app, you should rest assured that you are covered when it comes to buying goods and paying later.

If you’re worried about the safety of your money as an investor in Credpal, I want you to know that they have been vetted by the Central bank of Nigeria. You have nothing to worry about as they are being regulated by CBN.

I hope I was able to cover everything you need to know about CredPal. If you find the article helpful, don’t forget to share. This will encourage us to write more informative and educative articles like this in the future.

For any question or inquiry, you can drop it in the comment section. I’ll be happy to answer your question.

Is CredPal Legit

CredPal is a legit company registered and licenced by the Nigeria Apex Bank (CBN). You have nothing to worry about CredPal.

When Was CredPal Founded?

CredPal was founded in 2018 by  Fehintolu Olaogun (Co-founder & CEO)Olorunfemi Jegede (Co-Founder & COO), and David Roos (Business Development Associate).

Who invested in Credpal?

CredPal is funded by 15 different investors around the world. The Cairo Angels Syndicate Fund and First circle capital are the most recent investors. Other investors are Uncovered Fund, GreenHouse Capital, and Youcef. Es-skouri, Credit Direct, Tangerine Life, Y Combinator, VC4A.

Where is Credpal’s headquarters?

Credpal Headquarters is located at 75b Olonode Street Off Spencer Street, Alagomeji-Yaba, Lagos, Nigeria. You can reach the company at +234 (0)8143110361