LAGOS, July 13 – Klump, a Nigerian buy now, pay later (BNPL) startup, has partnered with Jumia to offer instalment payments directly at checkout, giving shoppers access to financing without leaving the e-commerce platform.
The integration allows customers to compare loan offers from multiple banks before completing their purchases. Rather than providing the loans itself, Klump connects customers with partner lenders, which assess applications, provide the funding and take on the credit risk.
The partnership also strengthens Klump’s strategy of providing the technology behind consumer lending instead of operating as a lender.
“When we started Klump, our mission was simple: give Nigerians access to affordable credit, wherever they shop,” Klump co-founder and Chief Executive Officer Celestine Omin said in a LinkedIn post. He added that the company now powers instalment payments for two of Nigeria’s largest e-commerce platforms.
Jumia already offers BNPL services through CredPal and Easybuy, with Klump becoming the latest fintech to join its checkout options.
Customers buying eligible products can choose “Pay with Klump” during checkout, select a lender, complete a credit assessment using their banking and identification details and, if approved, make an initial deposit of between 20% and 30% of the purchase price. The remaining balance is then paid in instalments.
To qualify, shoppers must be at least 21 years old, have an active Nigerian bank account with regular salary or business income and present a valid government-issued ID. Depending on the lender, additional verification may also be required.
Klump currently works with First Bank, Renmoney, Credit Direct and Wema Bank. Loan amounts range from ₦1,000 to ₦2.6 million, with repayment periods of six to 12 months. The company said each lending partner sets its own interest rates and loan terms.
