AXA and SympliFi create a credit access platform for Nigerians


AXA Mansard and SympliFi, a UK-based financial technology company, have partnered to offer lending services while also providing access to insurance and healthcare through SympliFi’s digital platform.

A large majority of Nigerians lack access to credit and health care, hampering their ability to improve their livelihoods. The SympliFi-AXA Mansard partnership is based on a common interest in empowering Nigerians to transform their lives and improve their well-being, by enabling them to access essential financial and health services.

SympliFi’s first-of-its-kind mobile app enables Nigerians in the diaspora to help loved ones back home access affordable credit on their own, instead of sending money, by digitally supporting the loan.

Thanks to this partnership with AXA Mansard, borrowers on the platform will now also benefit from loan protection insurance to cover them in the event of hospitalization, thus minimizing the financial impact of unforeseen medical emergencies that could affect their ability to repay. the loans. .

The benefits offered by the unique insurance offer associated with the loan include a hospital allowance that covers part of the loan payment, a cash payment to help cover hospital costs and life insurance coverage. . The aim is to provide financial support and quality care to clients in the event of illness.

SympliFi CEO Maurice Iwunze said: “Access to credit and health care remains out of reach for most Nigerians, so families in the diaspora end up serving as a bank and company for insurance for their loved ones back home. It is a financial drain on members of the diaspora, while their relatives back home continue to be excluded from the financial system.

Also speaking on the initiative, AXA Mansard Health Ltd CEO Tope Adeniyi said, “We are delighted to partner with SympliFi to provide both easy access to healthcare and fast loans to Nigerians. from the comfort of their cell phone. We will continue to innovate and create new products, thereby enhancing the reach of our product offerings, while continuously improving our service delivery to ensure that we always provide our customers with top-notch service to meet their needs. “

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