A number of companies—including neobanks, payment service providers, and traditional banks—have already launched or are looking to roll out BNPL services in Africa. ThankUCash, a Nigeria-based multi-merchant rewards platform, this week said it has raised $5.3 million in seed funding, part of which it plans to spend on adding BNPL infrastructure to its suite of services, which already includes cashback on purchases and deals from merchants.
