Lipa Later took to Twitter and Instagram to announce their new influencers; Martha Byoga a.k.a Maritza and Bareija Collins Emeka a.k.a the romantic mukiga. Both influencers took to their social media pages to share the good news with their online audience.
Maritza and Emeka signed up by Lipalater Uganda as influencers
Lipa Later Uganda, the buy now - pay later platform that allows retailers to sell goods and services to consumers in affordable monthly installments has signed Emeka and Maritza to spread the message on social media as influencers.
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The company currently operates in Kenya, Rwanda, Uganda and Nigeria.
Lipa Later employs a digital-based credit scoring system that assigns credit limits to users on its app, allowing them to access goods at partnering merchants who include retail chain Carrefour, Apple, Tecno and Samsung.
It then earns interest on the credit just like a normal lender would.
Electronic goods and mobile phones constitute the most popular items sold through its platform.
In January, Lipa Later raised US$12 million from a consortium of investors to help it increase coverage in existing markets and expand into new ones.
The company's proprietary credit-scoring and machine learning system enables a consumer to sign up and get a credit limit in seconds, without the need for bulky documentation and a lengthy approval process.
Lipa Later has exclusive partnerships with retailers in Uganda allowing shoppers to pay for products in instalments such as Transtel , Rosefoam , mobile shop , Alibaba’s computer world , DSN Technologies , Sage buyers , charge ko, abanista.com among others in products like home appliances, furniture, solar power systems, agriculture and commercial equipment.
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