Nigerian fintech Klump has partnered with Jumia to introduce instalment payments on the e-commerce platform, giving shoppers greater flexibility by allowing them to spread the cost of purchases over time.
The partnership integrates Klump directly into Jumia’s checkout experience, enabling customers to split payments into smaller, more manageable instalments instead of paying the full purchase price upfront.
The move is expected to improve access to higher-value products by reducing the financial barrier of one-time payments while creating a more flexible shopping experience for consumers.
Unlike traditional buy-now-pay-later solutions, Klump connects customers to multiple lenders competing in real time. During checkout, shoppers can compare financing options based on loan amount, deposit requirements, repayment period and pricing before selecting the offer that best suits their needs.
Once financing is approved and the required deposit is paid, the lender settles the full amount with the merchant, allowing customers to receive their purchases immediately while repaying the loan over an agreed period.
Loan amounts currently range from ₦1,000 to ₦2.6 million, with repayment terms typically spanning six to twelve months. Individual lenders determine their own interest rates and lending conditions, giving customers access to multiple financing options without being restricted to their primary bank.
The partnership reflects the growing adoption of embedded finance across Africa’s e-commerce ecosystem, making online shopping more accessible while expanding financial inclusion through flexible digital payment solutions.
