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7loc Credit BNPL
"Buy now, pay later" platform for employee financing with employer guarantee.
7Loc Credit is an innovative fintech platform operating in African markets that provides employees with access to credit limits through the "Buy Now, Pay Later" (BNPL) model.
Our main advantage is the collaboration with employers who act as guarantors for their employees. This simplifies access to credit and reduces the risk of default for financial institutions and banks.
Employees can use credit limits to purchase essential goods and services, such as groceries, fuel, or utilities. The repayment is automatically deducted from the employee's salary, making the process convenient and secure for all parties involved.
About 7loc Credit in the video
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Simplified Credit Access
Our product provides access to credit through partnerships with employers who act as guarantors. This simplifies access, reduces borrower requirements, and eliminates the need for traditional KYC processes.
Lower Risk for Creditors
The model using employer guarantees significantly reduces risks for creditors and allows loans to be offered at more competitive interest rates, ensuring better protection for lenders.
Targeted Credit Utilization
Credits are provided as a limit on essential goods such as groceries, fuel, and electricity payments. This ensures controlled spending, reduces financial risks, and improves responsible usage of funds.
How it work?
Do you have a question?
contact us
Uk Office:
- 67 Chobham Road, E16 1LX London, UK
- +44 7931415162
- info@7loc.credit
Senegal Office:
- Liberté 6, en face Camp Pénal, Lot N°03, 4éme E2, Dakar, Sénégal
- +44 7931415162
- info@7loc.credit