OneFi started in 2012 as a brick and mortar consumer lender focused on the Nigerian market. Having raised a Series A round in 2015, we pivoted in 2016 to become a digital lender via the Paylater App (www.paylater.ng) and we are focused on provided access to financial services to the “Next Billion’ starting in Africa. Currently, we are the largest fully automated smartphone lender in West Africa with over 1,000,000 apps downloaded and disbursing just under 2,000 loans per day in Nigeria and Ghana. Our 2018 goal is to be a digital bank in 3 countries and have secured a banking license in Nigeria already.
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