Credit that works at the speed of the platform.
Asset finance for drivers, working capital for merchants, short-term credit for consumers — underwritten with platform data the rest of the market cannot access, and disbursed at the speed of a payment rather than the speed of a paper application.
Three lending books. One underwriting engine.
Driver and rider asset finance
Loans to drivers to buy or lease Verico-assembled electric two- and three-wheelers, repaid out of platform earnings. The vehicle is the collateral; the platform data is the credit score; the speed of disbursement is what makes the product work.
Merchant working capital
Short-term advances to merchants on the Verico Pay platform, sized against their transaction volume and repaid as a small share of daily settlements. No paperwork, no collateral, no waiting.
Consumer credit
Nano-loans and buy-now-pay-later products for consumers using Verico On Demand, particularly for higher-ticket categories like pharmacy and groceries where affordability is the limiting factor.
Wholesale lending and SME credit
Larger-ticket credit lines for SMEs operating on or alongside the Verico platform — fleet operators, courier companies, mid-sized retailers — underwritten with the same data discipline as our retail products.
Lending should be a feature, not a friction.
African consumer and SME credit has historically operated at the speed of a paper application and the discipline of an unaffordable interest rate. Verico Credit was designed the opposite way. Because we lend to people we already know — drivers earning on our platform, merchants transacting on our rails, consumers buying through our app — we can underwrite with data the rest of the market cannot access, disburse in hours rather than days, and price the loan against actual default risk rather than the worst-case assumption that traditional lenders default to.
A lending book that grows with the platform.
Credit lives at the intersection of all four other divisions.
Credit does not exist on its own. Every loan we make is anchored in another Verico division: a vehicle from Mobility, a transaction on On Demand, a merchant on Pay, a piece of data from Intelligence. That is the architecture that allows us to lend faster, cheaper, and to more people than traditional credit channels could ever justify.
Verico Mobility — the asset we finance
The electric two-wheelers and three-wheelers we lend against are assembled by Verico Mobility. We know the vehicle's residual value because we know who built it; we know it will be serviceable because we know the parts and service network. That collateral confidence shows up directly in the interest rates we can offer drivers.
Verico On Demand — the income we underwrite
A driver's ability to repay is a function of their earnings on the platform. We see those earnings in real time. That data is more predictive than any bank statement, more current than any credit bureau, and more honest than any income declaration. It is the single biggest reason our default rates are below market.
Verico Pay & Fintech — the rail we lend over
We disburse loans into customer wallets on Verico Pay, and collect repayments through the same platform. No physical disbursement, no separate collections team, no third-party processor. Disbursement in minutes, repayment automatic, friction minimal.
Verico Intelligence — the model that prices the loan
The credit-scoring models, the fraud-detection layer, the collections-prioritisation engine — all built on the Verico Intelligence platform, using data drawn from across the Group. The model gets sharper every month because the dataset grows every day.
Borrow. Partner. Invest.
Drivers, merchants, SMEs and consumers looking for credit; institutional lenders and DFIs looking to deploy capital into a high-quality African lending book; brokers and partners looking to refer borrowers — talk to us.