Blackcopper partners with Pngme to increase lending operations to Nigerian businesses.
January 13, 2022
Blackcopper launched in September 2020 with the goal of providing simple, streamlined lending to small businesses and individuals in Nigeria. Since launch, the company has originated over a billion naira in loans helping entrepreneurs scale their businesses and manage their loans through an intuitive IOS and Android App. The company has experienced strong growth since its launch and is projecting a doubling of its loan disbursement volume by the end of Q1 2021.
Pngme’s data products (SDK, API, and CMP) will be integrated into Blackcopper’s existing customer management and loan processing workflows, evaluating the performance of loan decisions made with Pngme’s data, while using Pngme’s Data Science Services to improve feature development and credit assessment.
“Pngme will help us accelerate our customer acquisitions by ensuring we make the best decisions the first time. Their integration will also help reduce our failure points in the loan application process. We look forward to exciting times with them”. Muyiwa Faulkner, CEO
By partnering with Pngme and integrating their Android user-permissioned data capture, Blackcopper will be able to further grow and de-risk their operations in Nigeria. Through this initial testing phase, we’re focusing on improving underwriting and customer analytics capabilities.
“We’re excited to be working with the Blackcopper team and look forward to showcasing how Pngme’s data products will accelerate their business, increasing data coverage, expanding coverage on thin-file users and powering new product development for their customers” Adeola Olasewere - Director of Growth