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.

The firm targets salaried workers and micro-enterprise operators who are typically excluded from traditional bank lending due to thin or nonexistent credit bureau files. Loan products are small-ticket and naira-denominated. One Credit assesses creditworthiness using alternative data sources, including mobile money transaction histories and airtime top-up patterns.

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.

One Credit has not publicly disclosed any institutional fundraises, limited partner relationships, or structured investment vehicles. The absence of such disclosures suggests the firm has historically operated with internal or closely held capital, though this inference cannot be confirmed from public sources.