UnaFinancial enters South Africa with a digital lending service
20 October 2026
UnaFinancial, an international fintech group, has announced the launch of Kredio, a digital lending service, in the Republic of South Africa. The launch marks the group's first market on the African continent.
Kredio offers South African consumers digital loans ranging from R500 to R8,000, with repayment terms of 7 to 45 days. The application process is easy: an automated credit check delivers a decision, and approved funds are paid to the borrower's bank account within minutes, with no branch visits. The company is registered with the National Credit Regulator.
South Africa has one of the most developed financial markets on the continent, and demand for credit outside traditional banks is growing. Alternative lenders increased personal loan originations by 11.5% year-on-year in Q1 2025, and 35% of surveyed consumers plan to use alternative credit within the next year. Yet formal credit remains out of reach for many account holders. According to the World Bank's Global Findex Database 2025, 81% of adults had a financial account, but only 13% borrowed from a formal financial institution.
Expanding access to credit at scale depends on the ability to assess borrowers quickly and accurately. Over the years, we have built lending technology and scoring models that do this in markets with very different environments. For South Africa, we have adapted this infrastructure to local regulation, data sources and borrowing behaviour. We believe the service will meet the needs of South African borrowers and help close the gap in access to finance.
Founder, Chief Executive Officer and Chairman of the Board at UnaFinancial
Sergey Sedov
