Swipe, in partnership with Renmoney, has launched SwipeFlex, a financial solution designed to revolutionize Nigerians’ access to credit.
The Partners
Renmoney is a fintech company in Nigeria that offers personal and business loans, savings, investment products and other banking services
Renmoney is dedicated to broadening financial access .
Stephen Jennings founded it in 2012 and it has since then served over 6 million people through its credit services.
SWIPE was founded by Temidayo Dauda (CEO), Bernard Taiwo (Executive Chairman) and Oyejide Odofin (CTO).
It was built to provide financial flexibility to individuals and businesses through convenient credit options.
It offers expense management and access to credit to individuals and companies.
After years of experience with enterprises, the company is now leveraging its insights and deep understanding of the Nigerian market, to launch SwipeFlex.
The Partnership
The collaboration between Swipe and Renmoney brings together two industry-leading fintechs with a shared commitment to financial inclusion.
In addition to the resultant product that meets the financial needs of Nigerian consumers, the partnership has added advantages to each of the companies.
For Swipe, it is a form of expansion.
Ebele Oliko, Swipe’s COO highlighted this while speaking about the partnership; ” For Swipe, this partnership means expanding our product portfolio, reaching a broader audience, positioning us as a leading fintech company in Nigeria and strengthening our ability to innovate and deliver value to our users.” He said.
For Renmoney, it is a furtherance of its financial inclusion gap bridge building.
Head of Distribution Alternate Channels and Innovation at Renmoney, Chika Obanor, in his comments about the collaboration said;
“The collaboration aims to further bridge the financial inclusion gap, offering seamless and convenient solutions to empower even more individuals.”
SwipeFlex
SwipeFlex is a product of Renmoney’s expertise in lending, combined with Swipe’s innovative technology platform
It is poised to become a leading financial solution, transforming how Nigerians access and manage loans.
SwipeFlex offers advanced and convenient access to financial freedom through;
- Instant loan access: With a quick verification process, creditworthy Nigerians can have access to loans almost immediately.
- Competitive interest rates: Swipe operates on the principles of fairness and so it offers attractive interest rates ensuring that users pay a fair price for the financial support they receive with SwipeFlex.
- Flexible repayment terms: Users can choose repayment plans that align with their financial capabilities.
- No hidden charges: SwipeFlex maintains transparency by being upfront with its services and charging no maintenance fees.
- Physical card convenience: SwipeFlex offers physical cards to users to conduct transactions. SwipeFlex cards are accepted by various merchants and ATMs.
SwipeFlex is “designed to be more than just a loan service. It’s about giving users peace of mind and control over their finances.”