NEW YORK, August 30, 2022 – Today Nova Credit, the world’s leading consumer-permissioned credit bureau, announced a partnership with Vesti, the finance app focused on alleviating barriers for Nigerians moving to the United States. The partnership will allow Vesti to leverage Nova Credit’s Credit Passport® to help approve more Nigerian newcomers for the new Vesti Card, which will provide a stepping stone for users to start building a U.S. credit profile upon arrival.
For more than half of recent U.S. immigrants, a top priority upon arrival is securing a credit card, according to a survey commissioned by Nova Credit. With more than 400,000 Nigerian-born immigrants in the U.S. today, many newcomers will face the same need for a line of credit upon arrival. Unfortunately, since credit profiles do not travel across borders, getting approved for a credit card as a newcomer is very challenging.
The Vesti Card helps tackle the challenges that Nigerian immigrants, who are new to the U.S., face by providing them with financial solutions that make their relocation easier. With the support of Credit Passport®, a cross-border credit solution giving lenders access to consumer-permissioned credit data on new-to-country consumers, Vesti will gain access to the home country credit profiles of Nigerian immigrants, allowing them to evaluate and approve prospective card members even faster.
“Simplifying financial services for immigrants is at the core of our mission at Vesti,” said Olu Amusan, co-founder and CEO of Vesti. “With a similar mission of accelerating financial inclusion for underserved communities, we are super excited to work with Nova Credit to bring our missions to life for the betterment of Nigerian immigrants.”
“Vesti is doing some commendable work for the Nigerian and broader immigrant population, so the opportunity to partner with them was a clear next step for us,” said Misha Esipov, co-founder and CEO of Nova Credit. “With Credit Passport®, Vesti will now have access to the credit profiles of the thousands of Nigerian immigrants who seek opportunities in the United States each year, and even more new-to-country Nigerians will have the chance to start their life in the U.S. on stable financial footing thanks to the Vesti Card.”
To inquire about a Vesti Card, visit: app.wevesti.com/creditcard
V2 Communications on behalf of Nova Credit