Klump Brings buy now, pay later Checkout to Jumia Shoppers

Klump, a Nigerian buy now, pay later (BNPL) startup, has partnered with e-commerce platform Jumia to introduce instalment payments at checkout.

The integration enables Jumia customers to apply for financing without leaving the checkout page. Rather than issuing loans directly, Klump connects shoppers with partner financial institutions that assess applications, provide funding, and bear the credit risk.

The partnership positions Klump’s strategy as the technology infrastructure for consumer lending rather than as a lender. By embedding its service into major online marketplaces, the startup aims to reach customers at the point of purchase. They are leaving loan underwriting to regulated financial institutions.

“When we started Klump, our mission was simple: give Nigerians access to affordable credit, wherever they shop,” Klump co-founder and CEO Celestine Omin said in a LinkedIn post on Friday. “Today, we’re excited to partner with Jumia, bringing instalment payments to one of Africa’s biggest marketplaces. Klump now powers instalment payments for two of Nigeria’s largest e-commerce platforms.”

The agreement also strengthens Jumia’s existing BNPL ecosystem. The marketplace already offers instalment payment options through partnerships with CredPal and Easybuy. Klump is becoming the latest fintech integrated into its checkout experience.

The partnership allows eligible shoppers to apply for credit while completing an order instead of arranging financing separately.

Customers select qualifying products and choose the “Pay with Klump” option during checkout. They can then compare offers from participating lenders and complete a credit assessment using their banking and identification details. If approved, make an upfront payment of between 20% and 30% of the purchase price. The remaining balance is repaid in instalments.

Applicants must be at least 21 years old, maintain an active Nigerian bank account with regular salary or business income, and present a valid government-issued identity document. Some lenders may also require additional verification, including facial recognition or one-time password authentication.

Klump does not provide a single financing product. Instead, it presents customers with loan offers from participating financial institutions, each setting its own borrowing limits, repayment periods, deposit requirements, and pricing.

The platform currently connects shoppers with financing from First Bank, Renmoney, Credit Direct, and Wema Bank. Available loan amounts range from ₦1,000 ($0.73) to ₦2.6 million ($1,898), while repayment periods span six to twelve months.

Interest rates are determined by the individual lenders, not by Klump. The company also said customers whose banks are not supported can still access financing through lenders such as Renmoney and Credit Direct. Those two do not require applicants to hold accounts with them.

The company said approved loans are not automatically cancelled when customers return purchased items. Instead of receiving a cash refund, shoppers can use the value of the returned item to purchase another product of the same price or add funds to their Klump Wallet to buy a more expensive item.