# Crednet Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crednet-technologies

- Industry: Financial Services
- Headquarters: Lagos, Nigeria
- Website: www.credpal.com
- Total disclosed funding: $0M
- Latest round: Seed (Mar 26, 2018)
- Investors on record: 3

## About

Based in Lagos, Nigeria, and founded in 2017 by Fehintolu Olaogun and Olorunfemi Jegede, Crednet Technologies Limited, trading under the name Credpal operates as a developer of a financial platform designed to ease consumer credit purchase across online and offline merchants. Credpal has 11 to 20 employees.

Credpal lets users set up their account and choose their payment plan leveraging technology to minimize risk and seamlessly connect to multiple financial institutions that provide credit for customers, enabling customers to pay for it in fixed monthly installments. CredPal provides point-of-sale consumer credit to lower-to-middle class income earners in Nigeria, it is designed to help customers meet their most important obligations when they need to. CredPal cards can be used for grocery shopping, electricity and cable TV, online subscriptions, restaurants and dining, and flights and hotels.

## Funding rounds

- Seed, Mar 26, 2018, $0M — DMZ Ventures, Stacked Capital, Queen City Fintech

## Investors

- DMZ Ventures (https://capitalatlas.ai/funds/dmz-ventures) — Seed
- Stacked Capital (https://capitalatlas.ai/funds/stacked-capital) — Seed
- Queen City Fintech — Seed