Jumia Partners Klump To Introduce Instalment Payments

Nigerian fintech Klump has partnered with Jumia to introduce instalment payments on the e-commerce platform, giving shoppers a new way to pay without needing the full amount upfront.

The partnership brings Klump directly into Jumia’s checkout. Instead of paying everything at once, customers can now choose to split payments into smaller, more manageable amounts over time.

“When we started Klump, our mission was simple: give Nigerians access to affordable credit, wherever they shop,” said co-founder and CEO Celestine Omin. “Today, we’re excited to partner with Jumia, bringing instalment payments to one of Africa’s biggest marketplaces.”

Jumia, one of Africa’s largest e-commerce platforms, connects thousands of sellers to customers across multiple countries. By integrating instalment payments at checkout, it is expanding how people can access products, especially higher-value items that are often out of reach when a full upfront payment is required.

What makes Klump’s model different is how it handles financing behind the scenes. Rather than offering a single loan product, Klump gives customers access to multiple lenders competing in real time. At checkout, shoppers can compare options based on loan size, deposit required, repayment period, and pricing.

Once a customer is approved and pays the required deposit, the lender settles the full amount with the merchant, meaning the product is delivered upfront—not after all instalments are completed. The customer then continues repaying the loan over the agreed period.

Customers can currently choose financing from institutions each offering different terms. Loan amounts range from as little as ₦1,000(approximately $0.72)to as much as ₦2.6 million(about $1,877), with repayment periods typically spanning six to twelve months.

Klump does not price the loans offered on its platform. Instead, each participating lender sets its own interest rates and terms. Customers are not restricted to their own banks, as some lenders accept applications without requiring a prior banking relationship.

If a customer returns an item, the loan is not automatically cancelled. Instead, the value can be used to purchase another item of the same price or moved into a Klump wallet to top up and buy something more expensive, rather than receiving a direct cash refund.

As with most credit products, repayment is expected. If a customer fails to keep up with instalments, the outcome depends on the lender’s terms, but missed payments can lead to fees, account restrictions, or the debt being passed to collections—and in some cases, reported to credit systems.