About 7loc
7loc is a BNPL platform from 7loc Credit that connects financial institutions with businesses for BNPL solutions. It combines credit offerings in Africa, B2B solutions, and multilingual support so businesses can access financing options tailored to their needs. 7loc provides a user-friendly interface in English and French, allowing clients to navigate easily and understand their financing options. With its focus on B2B transactions, 7loc aims to facilitate growth for businesses across various sectors by providing accessible credit solutions. Key capabilities: credit offerings in Africa B2B solutions multilingual support user-friendly interface tailored financing options Best for: businesses and financial institutions that need flexible financing solutions.
7loc by 7loc Credit is a focused financial management platform built for small and medium lenders, fintechs, and credit cooperatives that need a streamlined loan origination and portfolio management system. It consolidates customer onboarding, credit assessment, loan scheduling, disbursement, and collections into a single workflow, aiming to reduce manual tasks and improve underwriting consistency. The user interface is practical and role-aware: loan officers see a clear application timeline and decision checklist, while back-office staff access batch processing tools and reconciliation widgets. Navigation is menu-driven with contextual shortcuts, and forms are guided to minimize input errors, though power users may appreciate additional keyboard shortcuts for high-volume processing. Functionally, 7loc covers the essentials custom application templates, automated credit scoring, document uploads, repayment calculators, delinquency tracking, and configurable notifications. Distinctive features include modular risk rules that allow lenders to codify bespoke underwriting policies, a recovery workflow with prioritized collector queues, and an embedded audit trail that simplifies regulatory reporting.
Pros & Cons
- +Employer guarantor model simplifies credit access while reducing financial institution risk successfully.
- +B2B solution boosts sales for sellers and ensures uninterrupted cash flow for business buyers.
- +Digital integration streamlines lending processes for financial partners efficiently.
- +Expands the client base for financial institutions into both consumer and business markets.
- +Supports business growth by providing flexible and immediate credit purchase options.
- −Financial details such as fees, rates, and credit limits are not publicly available.
- −Success relies entirely on securing and maintaining partnerships with financial institutions and businesses.
- −The guarantor model may be difficult to implement outside of emerging markets without proper structure.
- −No mention of tools for credit scoring or debt collection is found in the description.
- −Platform adoption requires integration into a business's existing sales and accounting systems.
Features
Key features
- Financial Intermediary
- Serves as the platform that directly connects financial companies with businesses seeking to offer credit options to clients.
- Credit Expansion to Markets
- Enables financial partners to expand their client base by providing credit to both business to business and business to consumer markets.
- Guarantor Credit Model
- An innovative solution where the employer acts as the guarantor for employee credit, simplifying access and lowering risk.
- B2B Buy Now, Pay Later Solution
- Connects businesses to offer credit for purchases, allowing sellers immediate payment and buyers uninterrupted cash flow.
- Streamlined Lending Processes
- Allows financial companies to reduce their lending risks and streamline their entire lending process digitally.
- Flexible Terms and Appeals
- Enables financial partners to offer flexible payment terms that are attractive to both consumers and businesses.
Additional features
- Platform Integration
- The platform integrates directly with financial partners for seamless service delivery.
- Client Base Expansion
- Enables financial companies to increase the number of clients they serve through new channels.
- Business to Business Buy Now, Pay Later
- Allows businesses to offer credit options for wholesale purchases between companies.
- Business to Consumer Buy Now, Pay Later
- Allows businesses to offer credit options for direct sales to individual clients.
- Simplified Credit Access
- The guarantor model helps to make credit access easier for employees in emerging markets.
- Employer as Guarantor
- The platform utilizes the employer to guarantee the credit, minimizing default risk for banks.
- Immediate Seller Payment
- Ensures that sellers receive payment instantly when a buyer chooses to purchase on credit.
- Buyer Cash Flow Continuity
- Allows buyers to make purchases on credit without interrupting their cash flow.
- Digital-First Environment
- Services are provided in a seamless, modern, and entirely digital online setting.
- Risk Reduction for Financials
- The platform helps financial institutions reduce the overall risk associated with their lending programs.
Pricing
Countries & Languages
Interface languages
Billing currencies
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About 7loc
7loc is a BNPL platform from 7loc Credit that connects financial institutions with businesses for BNPL solutions. It combines credit offerings in Africa, B2B solutions, and multilingual support so businesses can access financing options tailored to their needs. 7loc provides a user-friendly interface in English and French, allowing clients to navigate easily and understand their financing options. With its focus on B2B transactions, 7loc aims to facilitate growth for businesses across various sectors by providing accessible credit solutions. Key capabilities: credit offerings in Africa B2B solutions multilingual support user-friendly interface tailored financing options Best for: businesses and financial institutions that need flexible financing solutions.
7loc Details
7loc's In-App Market Place
Does 7loc have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
USD
Pros & Cons
- Employer guarantor model simplifies credit access while reducing financial institution risk successfully.
- B2B solution boosts sales for sellers and ensures uninterrupted cash flow for business buyers.
- Digital integration streamlines lending processes for financial partners efficiently.
- Expands the client base for financial institutions into both consumer and business markets.
- Supports business growth by providing flexible and immediate credit purchase options.
- Financial details such as fees, rates, and credit limits are not publicly available.
- Success relies entirely on securing and maintaining partnerships with financial institutions and businesses.
- The guarantor model may be difficult to implement outside of emerging markets without proper structure.
- No mention of tools for credit scoring or debt collection is found in the description.
- Platform adoption requires integration into a business's existing sales and accounting systems.
7loc's Support Options
Email Address
info@7loc.credit7loc's Alternatives
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