Crendly Reaches 3,000 Daily Active Users, Solidifies Role in Enhancing Credit Access in Nigeria

Crendly, the innovative credit access platform, today announced that it has reached a significant milestone of 3,000 daily active users.

The achievement highlights Crendly’s growth and its role in improving credit access and financial inclusion in Nigeria.

Since its inception, Crendly Marketplace has onboarded over 500 active lenders.

The platform’s user-friendly interface and personalised features have established it as an essential tool for both lenders and borrowers, promoting financial inclusion and economic growth.

By leveraging technology to bridge the gap between traditional financial institutions and underserved populations, Crendly is setting a new standard in the Nigerian fintech landscape.

“Reaching 3,000 daily active users is a breakthrough milestone for Crendly,” said Co-Founder of Crendly, Moshood Adejare. “This is one small step for Crendly, a giant leap for credit access in Nigeria”. This milestone demonstrates the impact we are making and the trust our users have in us. We are committed to continuing our efforts to enhance financial inclusion and provide more opportunities for economic empowerment.”

Crendly’s success can be attributed to its robust platform, which offers a range of features designed to simplify and streamline the lending process.

The algorithm behind the Crendly Score provide lenders with valuable insights, enabling them to make informed decisions and manage risk effectively.

Additionally, Crendly’s character-based lending model uses non-traditional data sources to assess creditworthiness, allowing for a more inclusive approach to credit scoring.

The platform’s next big move will be Crendly Check, an integration with various financial services that will make Crendly a key player in the Nigerian Financial Service Industry.

Crendly Check’s partnerships with major financial institutions and fintech companies will ensure that Nigerians have wider access to credit.

The collaboration is designed to be instrumental in driving economic growth from the grassroots.
Crendly’s user base spans across Nigeria, facilitating hundreds of loan transactions each week.

The platform’s ability to provide quick and efficient access to credit has made it an indispensable tool for individuals. By empowering users with the financial resources they need, Crendly is helping to drive economic growth.