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Date: 31 July 2021

Finclusion, a leading fintech in Southern and Eastern Africa, launches Click2Pay.

Finclusion, a leading fintech in Southern and Eastern Africa, has launched Click2Pay, a buy now, pay later (“BNPL”) business model supporting SMEs and other businesses in South Africa. 

Traditional credit-card payment is a system that desperately needs innovation as more and more consumers are opting out of interest-heavy purchases. This is pushing South African businesses to find solutions to attract and retain customers, such as the BNPL model. As the pandemic continues to reshape customers’ payments expectations, as well as providing a further spur to e-commerce volumes overall, BNPL is expected to play a vital role, offering a flexible alternative to cash-strapped consumers at checkout.

Finclusion, has launched the newest BNPL offering, Click2Pay. Click2Pay allows consumers to purchase the products they want and repay interest free instalments over 3 months.

Click2Pay is changing the way people shop and there are a number of factors that set it apart within the South African BNPL market. Firstly, a paperless application process which saves the customer time and drives the customer experience. Secondly it is a private application process, which asks permission before accessing information and does not share that information with anyone else. Finally, Click2Pay has market leading credit decision making that makes use of innovative AI algorithms it has developed.

E-commerce in South Africa grew in 2020 by 66% to more than ZAR 30 billion (or approx. USD 2 billion) (Source: TechCentral).  The only way for businesses to survive is to adapt along with their customers. Click2Pay is on the cutting edge of these developments and making the world of BNPL much more exciting.

Verdant Capital is raising equity and debt for Finclusion. 

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