Anyoung haseyo,
Nigerian mobility company, Motor Africa, has partnered with OnePipe, a fintech infrastructure startup, to provide credit and payment services to mobility entrepreneurs in Nigeria.
They have launched a lending-as-a-service (LaaS) offering to assist mobility entrepreneurs in obtaining working capital via an overdraft.
This will give them access to funds for car repairs, the purchase of replacement parts, personal and auto insurance, smartphones, and cash for other expenses for their welfare and their families.
In addition to allowing lending partners to create loan products with interest rates and repayment terms, the LaaS format uses hybrid telemetry IOT systems to manage credit requests, automatic underwriting, cash disbursement, and repayment collection.
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