The launch event, which took place on the 16th of April 2023, at the Civic Centre, Victoria Island, hosted tech specialists and entrepreneurs, who convened to discuss the future of lending in Africa and Kredete’s commitment to bridging the significant credit gap and financial exclusion faced by Nigerians who lack access to formal credit through traditional means.
Kredete aims to revolutionize the sphere of lending in Nigeria and beyond by leveraging AI-driven technology and strategic partnerships with financial institutions to create a complete lending infrastructure that enables lenders to be more efficient and cost-effective while empowering users to access credit products suited to their needs. With AI, the pre-approval odds for users enhance by providing tailored loan options based on their credit history and financial profile, while for lenders, it becomes easier to assess risks, reduce non-performing loans, and make informed lending decisions.
Kredete is also passionate about strengthening financial literacy in Nigeria and will achieve this by offering free credit scores, reports, and monitoring tools to help users understand their credit standing and make informed financial decisions. These financial literacy tools prove mutually beneficial for lenders to help streamline their operations and provide loans to creditworthy borrowers, thereby fostering a healthier lending ecosystem. The app can be downloaded here from Google Play Store and the Apple App Store.
