Click to watchBboxx, a data-driven super platform, transforming lives and unlocking potential by connecting consumers and deploying innovative products across Africa, has partnered with Creditchek as its technical partner on Nigeria’s Distributed Access through Renewable Energy Scale-up (DARES) project, a $750 million World Bank-funded program aimed at expanding electricity access to 17.5 million Nigerians using renewable energy. The collaboration leverages CreditChek’s extensive integrations and AI-powered platform to strengthen Bboxx’s underwriting efforts.
Solar home system financing in Nigeria is growing rapidly, but still faces significant gaps. From 2019 to 2022, the Rural Electrification Agency (REA) installed over 1 million Stand-Alone Solar Home Systems (SHS), providing clean electricity access to about 5 million Nigerians. Despite these efforts, inadequate financing remains a major barrier to scale, with many potential users unable to afford even subsidised SHS without flexible payment plans or low-interest loans.
The DARES project aims to put millions of solar home systems in underserved and off-grid households, targeting roughly 17.5 million beneficiaries.
The partnership reflects a strategic approach to growth. As Bboxx’s Group Chief Credit Officer, Simone Vaccari explains, “We’re like an F1 car built to win. To stay ahead, we focus on what we do best — sourcing, distribution, and financing — and partner with those who deliver world-class components that drive effectiveness and speed. CreditChek is our Pirelli tyres: providing the precision and reliability that let us accelerate with confidence and maximise our impact.” By working with CreditChek, Bboxx can concentrate on its core offerings while benefiting from specialised credit assessment capabilities.
CreditChek’s platform simplifies income verification, analyses credit histories, and detects potential fraud, giving financial institutions the insights they need to make informed decisions. “This will help us channel our resources into activities with the highest return whilst getting specialised support on important capabilities which are not our core,” the Chief Credit Officer adds. “CreditChek, with its numerous integrations in the Nigerian market and AI capabilities, enables us to plug in and leap forward.”
Plugging in the right components for growth
Since its launch in 2022, CreditChek has quickly established itself as a cornerstone in Africa’s credit ecosystem. Its platform connects with major African credit bureaus to provide Credit Insights and leverages AI to analyse Bank Statements through its Income Insight product, enabling financial institutions to verify creditworthiness in under 90 seconds, compared to the industry standard of 20 minutes. To date, CreditChek has facilitated over 1 million verifications and supported more than $30 million in loan approvals
CreditChek has also built a track record of strategic collaborations. In January, it partnered with CredPal to deliver creditworthiness and identity verification services for CredPal’s new credit card business. This partnership demonstrated CreditChek’s ability to integrate seamlessly with financial platforms, enhancing consumer access to credit and proving its solutions can scale effectively in real-world applications.
Building on this momentum, CreditChek expanded its global reach with the acquisition of the US-based underwriting company CreditCliq in June 2025. This move allows the company to extend its credit assessment capabilities to African immigrants worldwide, while continuing to grow its footprint across at least 10 additional African countries, including Ghana, Kenya, Rwanda, Uganda, Zimbabwe, South Africa, and Malawi.
Together, CreditChek and Bboxx aim to make Solar Home Systems more affordable, accessible, and reliable for Nigerian consumers, reducing the time and effort required to participate in the formal financial system. By combining Bboxx’s innovative energy solutions with CreditChek’s robust credit infrastructure, the partnership positions both companies to grow sustainably while empowering more people to access better financial services that improve their lives.
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