Nigerian BNPL Startup Klump Folds up After Five Years
Nigerian buy-now-pay-later (BNPL) startup, Klump, has shut down after five years of operations, citing difficulties securing lending capital, lengthy integration processes with financial institutions and restrictions on credit provision. The company’s co-founders, Mr Celestine Omin and Mr Olufunbi Falayi, announced the closure in a farewell note, saying they had considered raising additional capital or selling […] The post Nigerian BNPL Startup Klump Folds up After Five Years appeared first on N
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Nigerian buy-now-pay-later (BNPL) startup, Klump, has shut down after five years of operations, citing difficulties securing lending capital, lengthy integration processes with financial institutions and restrictions on credit provision. The company’s co-founders, Mr Celestine Omin and Mr Olufunbi Falayi, announced the closure in a farewell note, saying they had considered raising additional capital or selling […]
The post Nigerian BNPL Startup Klump Folds up After Five Years appeared first on Naijaonpoint.com.ng.
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- October 27, 2026
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