Providing micro-credit
to Africa's unbanked and underbanked
Credlock turns smartphones into collateral, enabling device-collateralized loans at scale — delivering instant and affordable line of credit for customers while empowering merchants and finance partners alike.
Our Products
Credit that fits real life.
Two ways to access fair, device-collateralized credit—built for everyday needs.
A revolving line of credit—secured by your smartphone.
With FoneFlex, your smartphone becomes secure collateral for an ongoing line of credit. Access up to ₦50,000 instantly at very low rates, without paperwork or hidden fees. Use what you need, repay on flexible terms, and top up again as you build trust.
- Low interest: fair, transparent pricing designed for everyday use.
- Instant access: quick approvals through nearby Credlock agents.
- Flexible repayments: pay down anytime, redraw when you need.
- Device-backed security: reduced risk keeps costs affordable.
- No surprises: clear fees, clear timelines.
Own the phone you want—pay over time.
Spread the cost of a new smartphone with device-collateralized BNPL. Get a low upfront payment, clear installment plans, and instant approvals through partner merchants and POS agents. Keep life moving—without breaking the budget.
- Low upfront payment: start with a manageable initial payment.
- Predictable installments: transparent schedule you can plan around.
- Instant in-store approvals: available at partner merchants and agents.
- Fair & transparent: no hidden charges, no gotchas.
Three-Sided Marketplace
Connecting capital providers, merchants, and customers in Africa's most trusted device financing ecosystem. Win-win-win for all stakeholders with proven performance metrics.
Finance Partners
Capital Providers
Institutional lenders and investment partners providing capital for device financing. Access our vetted customer base with industry-leading risk assessment and 95% recovery rates.
Merchants & Agents
Distribution Network
Retail partners and Point of Sale agents who serve as the frontline of our marketplace. Process credit applications, facilitate device sales, and earn attractive commissions.
Customers
Device Finance Recipients
Individuals and SMEs across Africa seeking affordable access to smartphones, laptops, and other essential devices through flexible financing options.
Purpose-Built for Multi-Sided Markets
Advanced platform capabilities designed for the unique needs of three-sided marketplaces operating across Africa's dynamic financial landscape.
Three-Way Transaction Engine
Seamlessly connects finance partners, merchants, and customers in real-time transactions. Automated matching, pricing, and settlement across the entire marketplace.
Device Collateral Technology
Revolutionary device-locking system that enables 95% recovery rates while allowing customers to keep and use their devices. Patent-pending security infrastructure.
Multi-Stakeholder Platform
Streamlined onboarding for finance partners, merchant recruitment, and customer acquisition. Automated KYC, risk assessment, and compliance checks for all stakeholders.
Pan-African Infrastructure
Multi-currency, multi-country platform designed for African markets. Local payment rails, regulatory compliance, and cultural adaptation across 15+ countries.
Stakeholder Dashboards
Customized analytics for each stakeholder type. Finance partners track portfolio performance, merchants monitor commissions, customers see payment history.
Unified Mobile Platform
Single mobile app serving all stakeholders with role-based interfaces. Merchants process applications, customers apply for credit, partners monitor investments.
The App for Smartphone Merchantsand FoneFlex Agents
With Credlock Business, merchants sell devices via BNPL. Agents issue credits and facilitate withdrawals. Both get real-time analytics, user management, and automated operations—all in one beautiful app.
Issue Device Credits
Process credit applications on the spot with fast identity checks
Facilitate Withdrawals
Help customers withdraw approved funds securely and instantly
High Commissions
Earn industry-leading commissions on every successful disbursement
Also included for both roles
Analytics Dashboard
Track sales, credit performance, and cash flow in real time
User Management
Invite staff, set roles, and manage permissions securely
Nationwide Network
Serve customers across Nigeria with reliable infrastructure
Credit Issued
₦25,000 • Commission: ₦500
Success Stories Across All Stakeholders
Real results from finance partners, merchants, and customers who are thriving in Africa's most trusted device financing marketplace.
"Credlock's marketplace gives us access to vetted customers with 95% recovery rates. The device collateral technology is revolutionary - we've deployed over ₦600M through their platform with exceptional returns."
"I've processed over ₦60M in credit applications as a Credlock merchant. The mobile app makes everything seamless. This has pushed my sales to over N10m worth of devices monthly, plus extra commissions. ."
"Getting ₦20k credit using my phone as collateral was amazing. I was able to buy foodstuffs without disturbing my parent for early allowance. The process was instant and I kept my phone throughout."
Powered by Strategic Partnerships
Credlock collaborates with leading financial institutions, mobile networks, and technology partners to scale Nigeria's device credit infrastructure.
Join Nigeria's Fastest-Growing Credit Network
Become part of the infrastructure powering financial inclusion across Nigeria with industry-leading returns and proven scalability.
Got Questions? We've GotAnswers
Everything you need to know about Nigeria's leading device credit platform and our innovative solutions.