About Progressive Credit
Progressive Credit is a company based in Nairobi (Kenya) founded in 2011. It operates as a B2B, and D2C. Progressive Credit offers products and services including Business Loans, Agri-Business Loans, Logbook Loans, Asset Finance, and Nawiri App Loans. Progressive Credit operates in a competitive market with competitors including Moniepoint, GE Capital, MyCredit, Zash Loan and Asante Financial Services Group, among others.
- Headquarter Nairobi, Kenya
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Progressive Credit Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
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Products & Services of Progressive Credit
Progressive Credit offers a comprehensive portfolio of products and services, including Business Loans, Agri-Business Loans, Logbook Loans, Asset Finance, and Nawiri App Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Funding for business expansion and operations in Kenya
Loans for farming equipment and agricultural activities
Secured loans using vehicle logbooks for quick cash
Financing for purchasing business assets like vehicles
App-based loans for immediate personal and business needs
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Funding Insights of Progressive Credit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Progressive Credit
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Progressive Credit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Progressive Credit Comparisons
Competitors of Progressive Credit
Progressive Credit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moniepoint, GE Capital, MyCredit, Zash Loan and Asante Financial Services Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Integrated financial services are provided for businesses and individuals.
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Commercial aircraft and equipment leasing and lending services are provided.
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MyCredit Limited is recognized as a digital credit provider.
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Offers fast loans via mobile app with low interest and easy application in Kenya.
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Personal and business loans are provided to clients in Kenya.
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| domain | founded_year | HQ Location |
School financing and technology solutions are provided for institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Progressive Credit
When was Progressive Credit founded?
Progressive Credit was founded in 2011.
Where is Progressive Credit located?
Progressive Credit is headquartered in Nairobi, Kenya.
What does Progressive Credit do?
Progressive Credit Limited is a financial institution based in Nairobi, Kenya, specializing in various loans such as business, logbook, agricultural, and asset finance. They process applications quickly through an app or direct contact, offering flexible repayment plans and personalized services to individuals and businesses. The company emphasizes no hidden charges and adjustable terms, serving clients across urban and rural areas in Kenya.
Who are the top competitors of Progressive Credit?
Progressive Credit's top competitors include Moniepoint, GE Capital and KJMC Finserv Group.
What products or services does Progressive Credit offer?
Progressive Credit offers Business Loans, Agri-Business Loans, Logbook Loans, Asset Finance, and Nawiri App Loans.