Crediation
OperatingUSSD-based stock financing and credit scoring for bars, restaurants and liquor stores in Kenya.
- FinTech
- Nairobi, Kenya
- Founded 2017
- crediation.com ↗
About Crediation
Crediation is a Nairobi-based fintech offering digital lending and credit scoring for small businesses. Its CrediStock product is a stock financing facility for bars, restaurants and liquor stores: borrowers register, are approved with a loan limit based on purchase history, apply through a USSD code and receive funds within ten minutes paid directly to the distributor's M-PESA till, after which the distributor releases the stock. Loans carry a fixed fee of 1-7% with no hidden charges and flexible durations.
The company says loan amounts are sized to each business's needs. Crediation was founded in 2017 and is an alumnus of the Google for Startups Accelerator Africa.
More FinTech startups in Kenya
- OdiBets
Online sports betting platform in Kenya with a lightweight app · Kenya
- Giftpesa
Giftpesa is a Kenyan FinTech startup offering gifting and loyalty rewards solutions for your team and clients. · Kenya
- Camirel
Collect, settle and reconcile B2B payments across Africa · Kenya
- Tusenti
Turns digital transaction charges into installment payments for goods and services · Kenya
- Melanin Kapital
Nairobi lender financing green SMEs in Africa's agricultural value chains against receivables, not collateral. · Kenya
- Tanda
Tanda is a Kenyan fintech startup working to revolutionize access to digital financial services for micro-retilers across Africa. · Kenya
Frequently asked about Crediation
- Where is Crediation based and when was it founded?
- Crediation is headquartered in Nairobi, Kenya and was founded in 2017.
- What sector is Crediation in?
- Crediation operates in FinTech and Lending.
