Nigeria’s OneFi is Providing Credit through Innovation
Fintech has become one of Africa’s most active investment sectors and startup acquisitions and are steadily picking up across the continent.
OneFi is a Nigerian fintech company founded by Chijioke Dozie and Ngozi Dozie in 2012. The startup is on a mission to democratize access to finance by leveraging data and technology irrespective of distance and time of the day.
It is ensuring that all people are empowered with the financial access they need to pursue a life of dignity and prosperity. The startup empowers individuals with access to credit, simple payment solutions, high yield investment opportunities and easy-to-use tools for personal financial management.
They also provide small loans quickly to the financially undeserved mass retail segment through their mobile app “Paylater”.
OneFi’s lending process is fully online via the Carbon Mobile App which allows focuses on services such as payments, bills, instant loans, smart investments, credit reports etc. it also help people to better understand their spending habits and automatically categorize income and expenses so they have full control over their money.
At OneFi, it is believed that access to credit and quality financial services is a human right. To them, customer service is a top priority and they are committed to providing exemplary services at all times.
OneFi gained a BB stable rating from Global Credit Rating Co. and showed positive operating income before taxes of $5.1 million in 2017.