Mobicred
Mobicred is a South African digital revolving credit facility that lets consumers shop online at participating retailers via a single monthly instalment, powered by RCS Cards and distributed across an estimated 1,926–4,000+ integrated merchants and five major payment gateways.
- Company typePrivate
- Founded2013
- HeadquartersCape Town, South Africa
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Mobicred does
Mobicred (Pty) Ltd operates a South African digital revolving credit facility that enables consumers to shop online at participating retailers and repay through a single monthly instalment, with credit limits that scale up as repayments are made. The platform is positioned as a continuous BNPL alternative to discrete-instalment products, with consumer onboarding via a web form, approval against standard South African eligibility criteria (valid ID, 18+, bank account, email, mobile), and self-service account management through iOS and Android mobile apps and a web portal. Supporting product surface includes a Merchant Portal for self-service onboarding, an Instalment Widget that surfaces credit amounts at the product level on retailer sites, and the Mobicred Mall, a curated deals marketplace aggregating offers from merchant partners.
Underlying credit infrastructure and regulatory licensing (NCRCP 38, FSP 44481) are provided by RCS Cards (Pty) Ltd, with Mobicred itself registered as a credit provider (NCRCP 10896). Merchant acquisition is API- and integration-led: Mobicred is pre-integrated with five major South African payment gateways (PayFast, DPO PayGate, PayU, Peach Payments, Adumo Online), enabling merchants to add Mobicred as a payment method via an Instalment Widget or full API integration. The company reports a network of 4,000+ online stores on its About materials (the live store directory lists 1,926), including retailers such as Takealot, Edgars, Samsung.com, Bob Shop, Car Service City, and ToysRUs & BabiesRUs, and has been expanding into grocery (Checkers Sixty60) and food delivery (Mr D) through promotional partnerships in 2025.
Mobicred's revenue model is interest and fees on the revolving credit book, supplemented by merchant-side economics on transaction flow, operating from Cape Town with 11–50 employees under CEO Jason Sive. The company is privately held with no institutional investors identified in the available data.
Mobicred firmographics
Firmographics- Name
- Mobicred
- Legal name
- Mobicred (Pty) Ltd.
- Website
- https://mobicred.co.za
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Mobicred is a South African digital revolving credit facility that lets consumers shop online at participating retailers via a single monthly instalment, powered by RCS Cards and distributed across an estimated 1,926–4,000+ integrated merchants and five major payment gateways.
- Ownership category
- akta.pro rank
Mobicred industry classification
Industry- Product category
- Consumer Credit / Buy Now Pay Later
- NAICS
- Consumer Lending (522291), Sales Financing (522220)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Recurring Billing, Subscriptions & Tokenized Payments (CRAFALAH)
- akta.pro secondary industry
- Recurring Billing & Subscription Payments Enablement (FSAMACAF)
Keywords
Where Mobicred is headquartered
LocationHeadquarters
- HQ city
- Cape Town
- HQ country
- South Africa
- HQ region
- Africa
Offices1 record
Markets served
Mobicred business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure
Revenue model
- Revolving Credit Interest and Fees: Mobicred generates revenue through interest charges and fees on the revolving credit facility extended to consumers. Customers make one single monthly payment for all purchases, with credit limits revolving based on repayment behavior.
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
Mobicred product offering
Product offeringCore offering
Mobicred operates a digital revolving credit facility that enables South African consumers to shop online at 4,000+ participating retailers and repay via a single monthly instalment. The credit limit revolves based on repayment behavior, increasing as customers make payments. For merchants, Mobicred provides an API, an Instalment Widget, and pre-built payment gateway integrations (PayFast, DPO PayGate, PayU, Peach Payments, Adumo Online) to embed Mobicred as a checkout payment option.
Product overview
Mobicred operates as a unified revolving credit platform targeting South African consumers and e-commerce merchants. The core product is the Mobicred Revolving Credit Facility, which enables consumers to make purchases at 4,000+ online stores and repay in a single monthly instalment with a revolving credit limit. Supporting infrastructure includes a native Mobile App for iOS and Android, the Merchant Portal for business management, an Instalment Widget for price display, and the Mobicred Mall for curated deals. The platform integrates with five major South African payment gateways (PayFast, DPO PayGate, PayU, Peach Payments, Adumo Online) and offers an API for merchant website integration.
Differentiator
Problem solved
Functional benefit
Products and services
- Mobicred Revolving Credit Facility A digital revolving credit facility that allows South African consumers (18+, valid SA ID, existing bank account) to shop online at 4,000+ participating retailers and repay all purchases in a single monthly instalment; the available credit limit revolves and increases as the customer repays.
- Mobicred Mobile App A native mobile application for iOS and Android that lets Mobicred customers manage their revolving credit account, browse participating stores, access deals and offers, view transactions, and fund Money Market accounts via voucher purchases.
- Merchant Portal A one-stop web portal for South African merchants to manage their Mobicred integration profile, upload promotional specials, view transactions, and generate custom reports.
- Mobicred Merchant API & Developer Integration An API and developer integration suite that lets e-commerce merchants embed Mobicred as a revolving credit/BNPL checkout option on their websites, including an Instalment Widget that auto-displays credit instalments at product level. The API integrates with major South African payment gateways (PayFast, DPO PayGate, PayU, Peach Payments, Adumo Online).
Quantifiable outcome
- One consolidated monthly payment replaces multiple individual payment obligations
- +1 more outcomes
Companies that use Mobicred
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles2 records
Mobicred technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature4 records
Mobicred partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- PayFastcorePayment gateway integration partner that enables Mobicred payments on merchant websites using the PayFast platform.
- DPO PayGatecorePayment gateway integration partner providing payment processing infrastructure for Mobicred merchant transactions.
- PayUcorePayment gateway integration partner enabling Mobicred payment processing through PayU's South African platform.
- Peach PaymentscorePayment gateway integration partner facilitating Mobicred transactions for merchants on the Peach Payments platform.
- Adumo OnlinecorePayment gateway integration partner (formerly Wirecard) providing Mobicred payment processing capabilities.
- Checkers Sixty60minorPromotional partnership enabling Mobicred customers to purchase Checkers vouchers via the app, which load onto their Money Market account for use on the Checkers Sixty60 delivery service.
- OneDayOnlyminorVoucher promotion partnership where Mobicred members can enter voucher codes at OneDayOnly checkout for R75 discount on orders minimum R350.
- Mr D (Mr Delivery)minorDecember 2025 promotional partnership where Mobicred customers making purchases via Mr D app stood a chance to win one of 20 R500 Mr D vouchers. Minimum spend R250 required.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Mobicred competitors and assessment
Company assessmentEmerging players
- Stitch: South African fintech building open-finance and consumer credit data infrastructure; an emerging competitor adjacent to Mobicred's credit-underwriting stack and capable of supporting new BNPL entrants.
Broad incumbents
- Afterpay: Global BNPL incumbent now part of Block; benchmark for product velocity, merchant economics and consumer UX that Mobicred must compete against, with growing Africa expansion ambitions through global merchants.
- Capitec Bank: Largest South African retail bank with an embedded unsecured credit book; competes for the same mass-market revolving credit wallet that Mobicred serves and could expand into merchant checkout lending.
- TymeBank: South African digital-first bank offering personal credit lines to mass-market customers; competes with Mobicred for the same digitally-native consumer-credit segment and is capable of pushing checkout credit at merchant scale.
- Klarna: Global BNPL leader setting the AI-underwriting and app-experience benchmark that South African BNPL providers like Mobicred are measured against; a relevant scale comparator even without a direct SA checkout presence.
Direct peers
- PayJustNow: A leading South African Buy Now Pay Later fintech offering three-instalment credit at online merchants; competes head-on with Mobicred for the same pool of South African e-commerce shoppers and retailers.
- Happy Pay: South African Buy Now Pay Later provider offering credit-based checkout at online merchants; directly competes with Mobicred on revolving-style and instalment BNPL at e-commerce checkout.
Others
- RCS Cards: Registered South African credit and financial services provider (NCRCP 38/FSP 44481) that supplies Mobicred's underlying credit provisioning, licensing and treasury infrastructure while also being a broader credit issuer in its own right.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Mobicred social profiles
Digital presenceMobicred compliance and trust
Trust signalCompliance3 records
Mobicred financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mobicred leadership team
Management profileNumber of profiles
Profiles1 record
Mobicred funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mobicred M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mobicred
What does Mobicred do?
Mobicred operates a digital revolving credit facility that enables South African consumers to shop online at 4,000+ participating retailers and repay via a single monthly instalment. The credit limit revolves based on repayment behavior, increasing as customers make payments. For merchants, Mobicred provides an API, an Instalment Widget, and pre-built payment gateway integrations (PayFast, DPO PayGate, PayU, Peach Payments, Adumo Online) to embed Mobicred as a checkout payment option.
Is Mobicred a public or private company?
Mobicred is a private company. It is classified as unknown and is currently operating.
When was Mobicred founded?
Mobicred was founded in 2013. It employs 11 to 50 people.
Where is Mobicred based?
Mobicred is headquartered in Cape Town, South Africa, in the Africa region.
How does Mobicred make money?
One revenue line is on record: revolving Credit Interest and Fees.
Who are Mobicred's main competitors?
Stitch is listed as an emerging player. Broad incumbents are Afterpay, Capitec Bank, TymeBank and Klarna. Direct peers are PayJustNow and Happy Pay. RCS Cards is listed as an others.
Does Mobicred have an API?
Yes. Mobicred offers a merchant API for integrating the credit facility into e-commerce websites. Integration is described as quick and simple, with automatic display of credit amounts at product level using an Instalment Widget. The developer portal provides access to a test portal for smooth development. The API integrates with major South African payment gateways including PayFast, DPO PayGate, PayU, Peach Payments, and Adumo Online.
What industry is Mobicred in?
Mobicred's product category is Consumer Credit / Buy Now Pay Later. Its primary akta.pro industry code is CRAFALAH, Recurring Billing, Subscriptions & Tokenized Payments, with a secondary code of FSAMACAF, Recurring Billing & Subscription Payments Enablement. Its NAICS code is 522291 and its SIC code is 6141.