One Credit

One Credit operates as a balance-sheet lender, originating loans directly from its own capital rather than matching third-party investors with borrowers. This principal model concentrates credit risk on the firm's book and ties portfolio returns to the performance of its proprietary underwriting algorithms. The firm does not publicly disclose its funding sources or capital structure.

Conventional Nigerian banks rely heavily on documented income, employer guarantees, and credit bureau reports for consumer lending. One Credit substitutes these with algorithmic scoring built on behavioral data from mobile phones. The underwriting engine evaluates repayment likelihood using non-traditional signals that capture a borrower's digital footprint over time.

Operations are concentrated in Nigeria, with digital distribution allowing urban and peri-urban reach across the country's major commercial corridors. There is no public evidence of cross-border lending activity as of mid-2026.