We built MontariPay for the moments when your engine quits on Third Mainland Bridge — and waiting two weeks for a bank loan isn't an option. We finance the repair so you keep the keys, the income, and the schedule that depends on you.
In Nigeria, the family car isn't a luxury — it's a salary. When a Toyota Corolla stops, an Uber driver loses ₦12,000 a day. A nurse skips a shift. A market trader pays a ₦3,500 keke fare instead of breaking even.
The repair quote arrives within the hour. The cash to pay it doesn't. So drivers do what drivers always do — pay friends, sell things, take loan-shark money at 20% a month. The car comes back, but the financial hole is deep enough to last a year.
MontariPay closes that gap. An approval, a transfer to your bank, a schedule of repayments that fits your week. Done by 6pm so you're back on the road tomorrow.
We're not a bank that decided to add a vehicle product. We're a vehicle company that learnt how to lend. Every part of the experience — the application form, the workshop network, the aging buckets, the recovery script — was designed for the specific shape of vehicle-repair finance in Nigeria.
The result: median time to disbursement is 38 minutes, our 30-day default rate is under 2%, and 96% of borrowers complete their repayment schedule on time.
The day we shipped the first loan, a driver in Yaba had his ₦220k repair quote paid before noon. He texted: "Una don save my month." That's the bar.
The rules we wrote on the wall during week one. They still apply.
No 12-page PDFs. The terms fit on a phone screen and read like the way we talk.
It's the product. Median time to disbursement is 38 minutes. We will keep cutting it.
We report repayment to the credit bureaux. We never sell your data. NDPA-compliant.
CBN-licensed, NDPR-registered, FCCPC-aligned. Built for the regulator from day one.
Receipts as of March 2026, pulled from our internal dashboard this morning.
Drivers, builders and operators who've been moving things across this country for long enough to know what actually breaks.
Ex-Paystack growth, Wharton MBA. Spent a year running between mechanics in Surulere with cash before deciding to build the alternative.
Built credit-risk infrastructure at Carbon. Deeply skeptical of any system that doesn't survive a Tuesday in Lagos.
12 years in credit at Stanbic. Wrote the first iteration of our credit model on the back of a napkin during a fuel queue.
Operations lead at Bolt Nigeria. Knows every workshop within 5km of a major Lagos artery, by name.
20 years in vehicle servicing, ASNT-certified. Personally vets every workshop that joins the verified network.
Banking & finance partner at Templars. Drafted the first version of the loan agreement on a Saturday morning.
Long-term capital from people who understand the West-African mobility stack and the kind of patience this work needs.
Apply for a repair loan in two minutes. Pay it back on a schedule that fits your week, not someone else's spreadsheet.