CREDAFRICA SA

What CREDAFRICA SA does

CREDAFRICA SA is a privately held microfinance institution (Système Financier Décentralisé, or SFD) headquartered in Abidjan, Côte d'Ivoire, regulated by BCEAO under UEMOA banking rules. It serves two principal customer segments — 'Particuliers' (salaried workers, traders, artisans and micro-entrepreneurs) and 'Entreprises' (TPE/PME/PMI, cooperatives and NGOs) — offering a tiered account architecture (UNO, PRESTIGO, PROGRÈS, BUSINESS) alongside term and goal-based savings products (DAT, PROJETS, SÉCURITÉ), personal and business credit facilities (Crédit UNO Express up to 2,000,000 FCFA; Crédit IMMO and CONSO up to 30,000,000 FCFA; BFR, Investment, invoice and check advances up to 150,000,000 FCFA), and complementary services including insurance distribution, international money transfers via RIA, MoneyGram and Western Union, and a proprietary prepaid VISA card (CREDCARD) reloadable at the institution's own branches with free UBA ATM access.

The operating model combines a physical agency network for face-to-face advisory and cash handling with a sales-led acquisition motion targeting individuals and SMEs, supplemented by a website-based online account opening flow that funnels prospects to advisors. Revenue is generated across multiple streams: net interest income on the credit book, recurring account management and opening fees, transaction-based commissions from remittances and CREDCARD usage, and referral commissions on insurance products sourced from a panel of partner carriers (Allianz Sanlam, Yako Assurances, Vitalis Santé, SIM Assurances, NSIA, GNA, with banking support from Atlantique). Pricing is denominated in FCFA and is segmented by customer tier, with usage-based pricing on credit facilities and subscription-style monthly billing on account packages.

The firm's stated strategic positioning is financial inclusion in Côte d'Ivoire with a pan-African vision, executed through what it terms a 'reconfigured financial methodology' emphasizing innovation, performance and human capital. As of the available data, no mobile application, API or public SDK is offered, AI/ML capabilities are not disclosed, and ownership, founding date and audited financial statements are not publicly available — material information gaps for any institutional investor.

Name

CREDAFRICA SA

Legal name

CREDAFRICA SA

Website

https://credafrica.com

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Short description

CREDAFRICA SA is a BCEAO-regulated microfinance institution (SFD) headquartered in Abidjan, Côte d'Ivoire, offering savings, credit (personal and business up to 150,000,000 FCFA), remittances, insurance and a prepaid VISA card to individuals, micro-entrepreneurs and SMEs across Côte d'Ivoire with a stated pan-African vision.

Ownership category

akta.pro rank

Product category

Microfinance Services

NAICS

Nondepository Credit Intermediation (5222), Depository Credit Intermediation (5221)

SIC

Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153), Mortgage Bankers & Loan Correspondents (6162)

akta.pro industry

PRIMARYBPAGABAM

Microfinance, Financial Inclusion & Inclusive Markets

Business & Public Services/Nonprofit, NGO & Social Services/International Development & Poverty Alleviation

SECONDARYFSAKAGAJ

SME Lending Platforms & Embedded SME Credit

Financial & Insurance/Lending & Consumer Finance/Small Business & Microenterprise Lending

Keywords

• Microfinance services
• Savings accounts
• Consumer credit
• Business financing
• Money transfer services

Headquarters

HQ city

Abidjan

HQ country

Côte d’Ivoire

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Credit Interest Income: Interest income from lending products including personal loans (UNO Express up to 2,000,000 FCFA, IMMO and CONSO up to 30,000,000 FCFA) and business credit facilities (BFR, Investment, invoice advances up to 150,000,000 FCFA).
2. Account Management and Opening Fees: Fees collected from account opening and ongoing management across product tiers: UNO (5,000 FCFA opening + 2,000 FCFA management), PRESTIGO (10,000 FCFA opening + 5,000 FCFA management), PROGRÈS (15,000 FCFA opening), BUSINESS (20,000 FCFA opening + 10,000 FCFA management).
3. Money Transfer Services: Commission revenue from national and international money transfers through RIA, MoneyGram and Western Union networks.
4. Monetic Services: Revenue from CREDCARD prepaid card services including reload fees (1%, min 1,000 FCFA), ATM withdrawal fees (300-500 FCFA), international transaction fees (3.3% TTC), and card issuance (5,000 FCFA).
5. Insurance Products: Commission revenue from insurance products including health, home, professional activity, life and non-life insurance offered through partner providers.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

CREDAFRICA SA is a microfinance institution (Système Financier Décentralisé) operating in Côte d'Ivoire, providing savings accounts, consumer and business credit facilities, money transfer services, insurance products, and prepaid VISA cards to individuals and small/medium enterprises. It serves salaried workers, traders, artisans, micro-entrepreneurs, and SMEs through a physical agency network complemented by digital channels, with regulated SFD status under BCEAO.

Product overview

CREDAFRICA SA is a microfinance institution (Système Financier Décentralisé) in Côte d'Ivoire providing financial inclusion services. The product portfolio consists of two main segments: (1) Particuliers (Individuals) with savings products (DAT term deposits, PROJETS, SÉCURITÉ), credit products (Crédit UNO Express, Crédit IMMO, Crédit CONSO), and account packages (UNO Essential, PRESTIGO Premium); (2) Entreprises (Businesses) with savings (DAT), credit products (BFR working capital, Investissement, Avance sur chèques et effets, Engagement par signature, Avances sur factures), and account packages (BUSINESS, PROGRÈS). Complementary services include money transfers via RIA/MONEYGRAM/WESTERN UNION networks, insurance (health, home, life, non-life), and CREDCARD prepaid VISA cards. The offerings span from basic savings accounts to specialized business financing up to 150,000,000 FCFA.

Differentiator

Problem solved

Functional benefit

Brands

• CREDCARD: Prepaid VISA cards rechargeable only at CREDAFRICA agencies, with features including 1% reload fees, free UBA ATM withdrawals, and 3-year validity.
• UNO (Offre Essentielle)
• PRESTIGO (Offre Premium)
• BUSINESS
• PROGRÈS

Products and services

• DAT (Dépôt À Terme) Term deposit savings product with remuneration rate starting at 4.75%, minimum duration of 12 months, and minimum amount of 500,000 FCFA; rates net of taxes.
• PROJETS Goal-based savings product with no management fees or opening fees, minimum opening amount of 5,000 FCFA and 3.5% remuneration rate, designed to fund specific projects.
• SÉCURITÉ Savings account for individuals with no management or opening fees, 5,000 FCFA opening deposit and 3.5% annual remuneration rate, targeted at security-focused savers.
• Crédit UNO Express Quick personal financing for urgent needs, with a ceiling of 2,000,000 FCFA.
• Crédit IMMO Real estate financing for purchase, renovation and construction works, with a ceiling of 30,000,000 FCFA.
• Crédit CONSO Consumer goods and personal equipment financing with a ceiling of 30,000,000 FCFA.
• BFR (Besoin en Fonds de Roulement) Working capital financing for the operating cycle, with a ceiling of 150,000,000 FCFA.
• Investissement Business financing for development, equipment, or premises acquisition, with a ceiling of 150,000,000 FCFA.
• Avance sur chèques et effets Discount and secure collection of commercial papers, with a ceiling of 150,000,000 FCFA.
• Engagement par signature Surety and guarantee facility for contracts, with a ceiling of 150,000,000 FCFA.
• Avances sur factures et bons de commande Receivables mobilization for immediate cash flow, with a ceiling of 150,000,000 FCFA.
• Assurance Insurance products distributed through CREDAFRICA including health, home, professional activity, life insurance, and non-life insurance offered via partner providers.
• Transfert d'Argent National and international money transfer services for CREDAFRICA customers through RIA, MoneyGram and Western Union partner networks.
• Monétique CREDCARD Prepaid VISA card service rechargeable only at CREDAFRICA agencies, with 1% reload fee (minimum 1,000 FCFA), free UBA ATM withdrawals, 3.3% international transaction fee, 3-year validity, and card price of 5,000 FCFA.
• UNO (Offre Essentielle) Essential account package for micro-entrepreneurs with 15,000 FCFA opening deposit, 2,000 FCFA monthly management fees, and 5,000 FCFA opening fees.
• PRESTIGO (Offre Premium) Premium account package for salaried workers and civil servants with 25,000 FCFA opening deposit, 5,000 FCFA monthly management fees, 10,000 FCFA opening fees, and 5,000 FCFA insurance.
• BUSINESS Account package for SMEs, cooperative societies and other businesses with 50,000 FCFA opening deposit, 10,000 FCFA monthly management fees, and 20,000 FCFA opening fees.
• PROGRÈS Account package for NGOs, associations, artisans and individual entrepreneurs with 30,000 FCFA opening deposit and 15,000 FCFA opening fees.

Quantifiable outcome

• Account opening process completion within 24 hours
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature1 record

Partnerships

Ten partnerships are on record, tiered core and supporting.

• RIAcoreChannel Partner/ Reseller/ DistributorInternational money transfer network partner enabling national and international money transfer services for CREDAFRICA customers.
• MoneyGramcoreChannel Partner/ Reseller/ DistributorInternational money transfer network partner for remittance services, expanding CREDAFRICA's reach for money transfer operations.
• Western UnioncoreChannel Partner/ Reseller/ DistributorInternational money transfer network partner for sending and receiving money nationally and internationally.
• UBA (United Bank for Africa)supportingTechnology or IntegrationATM network partner providing free cash withdrawals for CREDAFRICA CREDCARD holders at UBA ATMs.
• Allianz SanlamcoreChannel Partner/ Reseller/ DistributorInsurance partner providing insurance products offered through CREDAFRICA's insurance services.
• Yako AssurancescoreChannel Partner/ Reseller/ DistributorInsurance partner for CREDAFRICA's insurance product offerings including health, home, and professional coverage.
• Vitalis SantécoreChannel Partner/ Reseller/ DistributorHealth insurance partner offering coverage solutions for CREDAFRICA customers.
• SIM AssurancescoreChannel Partner/ Reseller/ DistributorInsurance partner providing various insurance products through CREDAFRICA distribution network.
• NSIAcoreChannel Partner/ Reseller/ DistributorInsurance partner offering life and non-life insurance products via CREDAFRICA channels.
• GNAsupportingChannel Partner/ Reseller/ DistributorInsurance partner contributing to CREDAFRICA's comprehensive insurance product portfolio.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• COFINA (Compagnie Financière Africaine): Pan-African microfinance group operating in multiple West and Central African countries. Targets SMEs and individuals with credit, savings, and payment products — highly comparable business model and customer base to CREDAFRICA.
• Baobab (formerly Microcred/BAB): Digital-first microfinance institution serving underserved individuals and small businesses across West and Central Africa. Competes with CREDAFRICA on financial inclusion for micro-entrepreneurs and offers similar digital and agent-based distribution.
• Advans Côte d'Ivoire: Subsidiary of the Advans Group, a leading microfinance network active across WAEMU including Côte d'Ivoire. Offers similar deposit, credit, and remittance products to individuals and SMEs, making it the closest direct competitor to CREDAFRICA in the same local market.

Broad incumbents

• NSIA Banque Côte d'Ivoire: Major WAEMU commercial bank offering retail and SME banking, savings, credit, and insurance. Functions as both an insurance product partner and a competitor in the same Côte d'Ivoire retail/SME market.
• UBA Côte d'Ivoire (United Bank for Africa): Pan-African commercial bank with significant retail and SME operations in Côte d'Ivoire. Already an ATM partner to CREDAFRICA, and competes in overlapping retail savings and credit segments.
• Ecobank Côte d'Ivoire: Pan-African banking group with strong WAEMU retail and SME presence. Competes with CREDAFRICA on remittances, deposits, and small-business credit, while offering significantly broader product breadth.
• Orabank Côte d'Ivoire: Regional banking group operating across WAEMU and CEMAC offering retail, SME, and corporate banking. Comparable to CREDAFRICA on retail credit and deposit-taking in the same geographic market.
• Banque Atlantique Côte d'Ivoire: Large regional commercial bank in WAEMU serving retail, SME, and corporate segments. Already a partner of CREDAFRICA but also a competitor offering savings, credit, and remittance services to overlapping customer segments in Côte d'Ivoire.

Emerging players

• Orange Money Côte d'Ivoire: Mobile money platform reaching a large share of unbanked Ivorians with digital wallets, transfers, and increasingly micro-credit. Represents the digital-first competitive threat to traditional agency-based microfinance like CREDAFRICA.

Regional players

• ACEP (Agence de Crédit pour l'Entreprise Privée): Microfinance institution focused on financing very small enterprises across several West and Central African countries. Comparable micro-entrepreneur/SME credit orientation, though not all geographies overlap with CREDAFRICA.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/Credafrica
• LinkedInlinkedin.com/company/credafricasa

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CREDAFRICA SA