Bolt Nigeria, a prominent ride-hailing service, has recently embarked on a collaborative venture with Advancly, a fintech firm specializing in credit solutions, to offer short-term financial loans to its drivers. This strategic partnership is designed to address the immediate financial requirements of drivers by enabling them to access their earnings in advance, which both entities anticipate will lead to enhanced driver productivity.
The pilot phase of this financial initiative is set to roll out among Bolt drivers operating in the key Nigerian cities of Lagos and Abuja. Lolia Kienka, who holds the position of country manager for Advancly in Nigeria, elaborated on the objectives of the collaboration, emphasizing the goal to deliver tailored financial services to individuals engaged in the gig economy.
Kienka articulated the significance of the gig economy in the evolution of contemporary business practices, particularly for self-employed individuals. She expressed that this alliance underscores their dedication to empowering entrepreneurs to flourish autonomously by facilitating their access to necessary financial resources.
Echoing this sentiment, Yahaya Mohammed, the country manager for Bolt Nigeria, highlighted the critical role that financial stability plays in the lives of their drivers. Mohammed expressed enthusiasm about the additional support being offered to drivers beyond the ride-hailing platform itself. This support is intended to aid drivers in better managing their finances, delivering superior service to passengers, and ultimately, in scaling their business operations in conjunction with Bolt.
