Advancly, a credit-tech firm has partnered with Bolt Nigeria, to provide drivers on the Bolt platform with access to credit.
According to both organisations, the strategic collaboration aims to support drivers’ financial needs, enabling them to receive up-front earnings and boost their productivity.
Through the partnership, drivers who earn consistently on Bolt will have seamless access to Advancly’s credit solutions via integration with Bolt.
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This integration streamlines the borrowing process for Bolt Drivers, offering a hassle-free experience and access to low-interest, short-term loans to cover pressing expenses such as fuel and maintaining their cars, ultimately empowering them to enhance their services and grow their income.
“We are thrilled to embark on this journey with Bolt Nigeria and bring our innovative credit solutions to their extensive network of drivers,” said Lolia Kienka, country manager, Nigeria for Advancly.
“The gig economy is playing a vital role in shaping the future of business for independent workers and this partnership reaffirms our commitment to enable entrepreneurs to grow on their own terms by providing them with access to credit.”
Yahaya Mohammed, country manager at Bolt Nigeria said both organisation recognised the vital role stability plays in the lives of its drivers.
“In addition to our platform, we are excited to offer them additional resources that will help them manage their finances, provide exceptional services to riders and ultimately grow their businesses with Bolt.”
Launched first in Lagos and Abuja in beta, this strategic collaboration marks a significant milestone in providing healthy financial options to people who work within the gig economy, underscoring both companies’ dedication to empowering people to take control of their finances, on their terms.
