Advancly, a credit-tech company, has partnered with Bolt Nigeria, to provide drivers on Bolt with access to credit.
This strategic collaboration aimed 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 an integration with Bolt.
The 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 fuelling and maintaining their cars, ultimately empowering them to enhance their services and grow their income.
In a press statement made available to LEADERSHIP on Thursday, the country manager, Nigeria for Advancly, Lolia Kienka, said: “We are thrilled to embark on this journey with Bolt Nigeria and bring our innovative credit solutions to their extensive network of drivers.
“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 grow on their own terms by providing them with access to credit.”
Country manager at Bolt Nigeria, Yahaya Mohammed, added, “We recognise the vital role that financial stability plays in the lives of our 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.”
Launching 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.
Drivers on Bolt who wish to benefit from this partnership have been urged to visit advancly.com/bolt website to get started.