Build Africa in materials market with credit facility for property builders
Build Africa, the leading digital marketplace for building materials, has entered the building materials market with a credit facility for property builders and construction contractors.
The facility is to deploy over ₦2 billion annually in credit, enabling faster access to construction materials and accelerating project timelines for thousands of builders.
To achieve this, the firm has partnered with Oze, a fintech platform, and together they have launched the credit facility known as the Build Africa Credit Scheme (BACS), a groundbreaking initiative offering Buy Now Pay Later (BNPL) financing to builders, contractors, and developers across Nigeria.
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BACS is designed to address one of the most pressing challenges in the construction industry, which is access to affordable and timely financing.
Through a seamless digital application process, customers procuring building materials on www.buildafrica.store can now apply for short-term credit, receive approval within 24 hours, and use their approved loan amount directly at checkout, no collateral required.
“We’re excited to power this initiative with Build Africa,” Meghan McCormick, Co-founder of Oze, said. “Our goal is to make credit accessible to builders who are often overlooked by traditional lenders. This partnership brings together Oze’s data-driven lending model and Build Africa’s trusted supply chain to deliver real impact,” he added.
Oze is a leading African fintech platform that empowers financial institutions to launch and scale digital lending to small businesses. Through its operations in Nigeria, Ghana, and Rwanda, Oze has facilitated nearly $2 million in MSME loan disbursements.
The scheme is open to individuals, contractors, businesses, and diaspora customers funding construction projects in Nigeria. Approved applicants receive partial or full financing for their purchases, with flexible repayment terms of 30–45 days and interest rates starting as low as 5 percent.
Read also: Build Africa, powered by Oze, Launches ₦2 Billion in Credit to Empower Nigerian Property Builders
“Before this scheme, securing funds for building materials could take weeks and delay our timelines. Now, with Build Africa Credit Scheme, we get approvals within 24 hours and move straight to procurement. It has streamlined our operations and helped us deliver faster,” Tope Runsewe, CEO, Dutum Construction, said.
Tayo Odunsi, CEO of Build Africa, noted, “This is more than just a credit product; it’s a tool for empowerment. Builders across Nigeria deserve tools that match their ambition. With Oze, we’re making that possible.”
BACS is now live on www.buildafrica.store/bacs-info. Customers can apply by selecting the ‘Buy Now Pay Later’ option at checkout and completing a secure digital form. Oze reviews applications and communicates decisions within 24 hours.
