AutoCredit Payment
“Can a small Nigerian payment gateway bundle wallets, cards, POS and identity verification into a low-cost embedded finance stack for local SMBs?”
Founded2020
HQNigeria
IndustryFintech / Payments
The story
AutoCredit Payment (also branded AutoCredit Finance / MoniCredit) is a small Nigerian fintech founded in 2020 offering a payment gateway, digital banking wallet ('MoniCredit Banking'), bill payments, virtual naira and dollar cards, POS terminals, identity verification and a 'Fintech as a Service' layer. It positions itself as embedded financial infrastructure for Nigerian merchants, competing with Paystack/Flutterwave at the low end.
Last 12 months
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Product timeline
2020
AutoCredit Finance founded in Nigeria as a payment gateway and financial services provider· pivot
The stack
4 layers disclosed in AutoCredit Payment’s embedded-finance stack
Payments / PSP
AutoCredit Payment Gateway (self-operated)MoniCredit (self-operated)
Banking / BaaS
in the full report
Card network
in the full report
KYC
in the full report
Accounting gap: minor
5 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.