Nigerian buy now, pay later startup Klump has partnered with e-commerce platform Jumia to offer instalment payment options at checkout, expanding access to consumer credit for online shoppers. The integration allows customers to compare financing offers from multiple partner banks without leaving the Jumia platform, reinforcing Klump’s strategy of providing credit infrastructure rather than lending directly.
Klump Co founder and Chief Executive Officer, Celestine Omin, said the partnership advances the company’s mission of making affordable credit available wherever Nigerians shop. With the latest deal, Klump now powers instalment payments on two of Nigeria’s largest e-commerce platforms, while Jumia further strengthens its growing portfolio of buy now, pay later services.
Under the arrangement, customers selecting eligible products can choose “Pay with Klump” at checkout, complete a credit assessment and, if approved, make an initial deposit of between 20 and 30 per cent before repaying the balance in instalments. Loan approvals, funding and pricing are handled by partner financial institutions, including FirstBank, Wema Bank, Renmoney and Credit Direct, while Klump provides the technology platform connecting customers to lenders.
Loan values range from ₦1,000 to ₦2.6 million with repayment periods of six to 12 months, depending on the lender. Klump said the model enables banks to compete on loan terms while giving shoppers greater flexibility to finance purchases, as the company continues to position itself as a key infrastructure provider for digital consumer credit in Nigeria.