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Nigeria: Zedvance launches ExtraCash credit solution to support Nigerians’ financial needs

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Zedvance launches ExtraCash credit solution to support Nigerians’ financial needs

Zedvance Finance Limited has introduced ExtraCash, a new credit solution designed to help Nigerians access additional financing for personal expenses, business needs and emerging opportunities. Available through the Zedvance mobile app, the product extends the company’s retail lending offering to eligible salaried professionals, creatives, entrepreneurs and small business owners.

The launch is aimed at addressing situations where everyday financial commitments arise before customers have access to the funds they need, providing an additional borrowing option to help them manage expenses and keep their plans on track.

According to Zedvance, ExtraCash was developed to help Nigerians bridge financial gaps and respond to different financial demands without putting their personal or business plans on hold.

The company noted that financial needs do not always coincide with the timing of available income. Unexpected expenses, personal commitments, creative projects and pressing business requirements can all create a need for additional financing.

Through ExtraCash, eligible customers can access credit to address these demands and pursue opportunities that may otherwise be delayed by limited funds.

The product is accessible through the Zedvance App, where customers can explore the offering and review the applicable eligibility requirements and loan conditions.

Zedvance positions new product around flexible access to credit

Speaking on the launch, the Acting Managing Director of Zedvance Finance Limited, Adegoke Orimolade, said the product was developed to make credit more accessible to Nigerians dealing with different financial needs.

“We know that life comes with different financial needs, and sometimes, you need a little extra to keep things moving.

With ExtraCash, we want to make it easier for eligible Nigerians to access credit when they need it, whether it is for personal expenses, work, or business. It is about giving people more room to handle their needs and pursue their plans. That is what we mean when we say, ‘Show Up Ready with ExtraCash.’”

The product’s campaign message, ‘Show Up Ready with ExtraCash,’ reflects the company’s position that access to financing can help individuals and businesses respond to everyday demands, pursue ambitions and make progress towards their goals.

ExtraCash expands Zedvance’s retail lending offering

The introduction of ExtraCash adds to Zedvance’s retail credit portfolio and forms part of its broader effort to develop customer-focused financial solutions for individuals and businesses in Nigeria.

The company said the launch also reinforces its brand promise, ‘Partnering for Growth’, which centres on supporting customers with financing solutions that enable them to pursue their plans and business objectives.

Eligible customers can access the product through the Zedvance mobile app, where they can check their eligibility and review information on loan terms, applicable fees and repayment conditions before proceeding.

Zedvance continues to expand financial support for Nigerians

Zedvance Finance Limited, a subsidiary of Zedcrest Group, provides retail and business financing solutions in Nigeria. Since commencing operations in 2014, the company says it has empowered more than one million Nigerians through its financial services.

With ExtraCash, Zedvance is extending its lending proposition to customers seeking additional funds for personal commitments, professional activities and business requirements.

The product’s rollout adds another option to Nigeria’s retail credit market, with access available to eligible customers through the company’s digital platform. Its terms, fees and repayment conditions remain important considerations for prospective borrowers assessing whether the facility meets their financial needs.

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