Palmcredit is a virtual credit card and loan app designed for the Nigerian market. Operated by Newedge Finance Limited, which is licensed by the Central Bank of Nigeria (CBN), its mission is to provide simple, fast, and flexible financial services to individuals. The platform allows users to apply for and receive unsecured personal loans, ranging from ₦10,000 to ₦300,000, directly on their mobile phones with varying repayment tenures. The entire process, from application to disbursement, is handled digitally through its mobile app, aiming to make credit more accessible to Nigerians without the need for traditional banking collateral or extensive paperwork.

Founded in

Nigeria