Evolve Credit
Evolve Credit is a leading online loan marketplace that makes financial services more inclusive, accessible, and transparent for Africans. The platform enables users to review information about loan products in the marketplace and compare them based on price, terms, interest rate and other important lending factors. Evolve Credit is not a lender and does not offer loan products, but rather provides thorough and well-researched information about loan products to enable users get access to personalized reviews and recommendations based on their needs.
The platform offers review on various kinds of financial products including loans, savings and investment, debit and credit cards, payment, and transfer services as well as cryptocurrency products. The company provides independent and unbiased reviews by aggregating over 100 data points from the lender, evaluating 1000s of reviews from previous and current customers, interviewing customer service representatives from the lender, and comparing loan products against similar ones. Their reviews are currently focused on products from licensed financial institutions in Nigeria.
Evolve Credit works by providing information on several loan types/options such as Personal Loans, SME Loans, Payday Loans and an All Loans option. This gives users the will to choose their preferred loan types according to their needs. For each of these loan options, the platform provides information such as the maximum monthly interest rate, maximum loan amount and approval speed, all at the snap of a finger.
Founded by Akan Nelson and Daniel Osineye in April 2019, the platform thrives by catering for questions relating to loan and finance. The startup addresses financial literacy and inclusion by critically reviewing the strengths and weaknesses of consumer lending products. With Evolve Credit, Daniel Osineye and Akan Nelson are building an end-to-end digital lending platform that enables financial institutions to digitize their loan process from origination through identity and income verification, to disbursement.
With a proven background in finance, Nelson doubles as the Chief Executive Officer and Chief Financial Officer, while Daniel, a software engineer operates as the Chief Technology Officer. The team has a unique understanding of a fast-growing market and detailed knowledge of the Nigerian financial space. Together, they are using innovative solutions to tackle some of Nigeria’s most challenging issues in the financial sector.
The startup’s vision is to completely put an end to the use of paper in the process of loan and financial application and to enable people to apply for a loan, open a savings account or other forms of financial needs completely online, without visiting a physical office.
Evolve credit is on a grand mission to provide professional guidance for all of life’s financial decisions and to ensure 99% of the African population get the same quality information as the 1% who have access to financial advisors. Lenders can get listed on Evolve Credit platform by emailing support@eveolvecredit.co. Find out more about Evolve Credit at www.evolvecredit.co.