Cashbuddy
Cashbuddy is a Nigerian financial super-app that converts MTN, Airtel, Glo, and 9mobile airtime into bank cash in under 60 seconds, provides personal and business loans up to ₦20 million, and issues virtual and physical USD cards with 0% decline rates on Meta and Google Ads. The platform also enables direct RMB payouts to China via Alipay and WeChat Pay for supplier payments on 1688, Alibaba, and Taobao.
- Financial Technology
- Software Only
Funding
Founders
Founder details are not available yet.
Product
Problem
Many individuals and businesses in Nigeria face challenges accessing quick, affordable credit and managing cross-border financial transactions. Traditional lending processes are often slow and require extensive paperwork, while converting airtime to cash or making international payments involves multiple intermediaries and high fees.
Solution
Cashbuddy provides a digital fintech platform that delivers fast personal and business loans online with low interest rates, streamlining the borrowing process. The platform also enables users to convert MTN, Airtel, Glo, and 9mobile airtime into instant cash, addressing a common liquidity need. For cross-border users, Cashbuddy facilitates RMB payouts to China through Alipay and WeChat Pay, simplifying payments for trade and personal transfers. Additionally, the platform issues virtual and physical USD cards for online transactions and offers Buy Now Pay Later (BNPL) credit, expanding financial access for everyday purchases.
Target Audience
Primary customers are Nigerian individuals and small business owners seeking quick personal or business loans, as well as users needing airtime conversion, cross-border payments to China, virtual card services, BNPL financing, or gift card trading.
Features
- Fast online loan disbursement from ₦5,000 to ₦500,000 for personal borrowers and up to ₦20,000,000 for registered SMEs, with zero collateral and 3-minute approval
- Airtime-to-cash conversion supporting MTN, Airtel, Glo, and 9mobile with automated USSD verification and bank credit in under 60 seconds at up to 80% payout value
- RMB cross-border payouts to China via Alipay and WeChat Pay with real-time exchange rates for supplier payments on 1688, Alibaba, and Taobao, plus a Yuan Debit Card
- Virtual USD Visa and Mastercard issuance with 0% decline rates on Meta Ads, Google Ads, AWS, OpenAI, and Apple subscriptions, with limits up to $10,000/month
- Buy Now Pay Later (BNPL) option requiring only 10% down payment on smartphones, MacBooks, gaming consoles, and solar installations
- Zero-fee bill payments for electricity prepaid tokens (AEDC, EKEDC, IBEDC), cable subscriptions (DStv, GOtv, Startimes), and SME data bundles
- Gift card trading supporting 200+ global brands including Steam, Apple, Amazon, Razer Gold, and Google Play with automated validation and 2-minute bank payouts