Kenya-based fintech DeltaPay has tapped Provenir for its AI-powered data and risk decisioning platform as it looks to scale its buy now, pay later (BNPL) offerings for the financially underserved.
DeltaPay leverages alternative data, such as behavioural data, to expand financial access to affordable and flexible consumer credit.
The fintech says Provenir’s tech will allow it to scale and provide “millions of unbanked and neglected segments of society” with access to credit.
DeltaPay CEO and co-founder Kiprop Chirchir says: “Provenir provides easy access to financial and behavioural data partners through a single API, which not only makes technical implementation easier but also enables us to go to market faster.”
Following its launch in Kenya, DeltaPay has plans to expand into other regions including Uganda, Tanzania, Rwanda, Democratic Republic of Congo, Nigeria and Ghana in the next five years.
“Provenir will be our partner of choice in this expansion plan,” Chirchir adds.
Provenir vice president for Middle East and Africa, Adrian Pillay, says the company’s platform “provides the data, AI and decisioning capabilities needed to help DeltaPay eradicate financial exclusion”.