CD Care

CDcare is a Nigerian retail installment platform that lets consumers acquire electronics, phones, home appliances, furniture, solar and power equipment, cars and other goods by paying over time instead of in a single lump sum. Customers select a product from a curated marketplace sourced from distributors, choose a payment rhythm (one-time, weekly or monthly) and a plan length, and then follow scheduled installments in the app or web app. Plan durations run from 4 to 40 weeks or 2 to 12 months depending on the product, with equal and consistent installments and no interest or hidden charges stated at sign-up.

The defining mechanic is midpoint delivery: eligibility for delivery is reached at the halfway point of the plan's duration rather than at half of the purchase price, so a six-month plan delivers in month three and a twelve-month plan in month six. Payment continues after delivery until ownership is complete. Early payment does not accelerate delivery unless the customer switches to a shorter approved plan or fully settles the contract value, and delivery remains subject to verification and compliance review. Onboarding requires customers to be at least 18, verify identity by phone number, NIN or optionally BVN, submit a face photo, complete location and address verification, verify an email, and link a debit card and a bank account for direct debit.

The platform positions itself explicitly as not a bank or savings institution: funds paid into a CDcare account or Moneybox are earmarked for purchases and cannot be withdrawn. Policies cover missed payments (3-day grace on weekly plans, 7-day on monthly, with Failure-To-Return fees of 3% and 10% respectively), default handling including asset return or liquidation at fair used value after a month of unresolved default, credit-agency reporting, cancellations, product substitution and price changes. Products carry manufacturer warranty, and optional insurance costs 10% of product cost and covers up to 80% of assessed damage value.

Founding story

Founder Tobi Odukoya, a Chemical Engineering graduate of Obafemi Awolowo University, Ile-Ife, attributes the idea to his own upbringing, when his family could not afford single large payments for basic items such as blenders, televisions and generators. As a student he had built a computer repair business after teaching himself to remove viruses without erasing users' files, and says he trained more than 200 students as computer technicians. He framed CDcare around the observation that many Africans earn income in bits — daily, weekly or monthly — and therefore need installment structures aligned with how they are paid.

Business model

CDcare curates products from distributors and sells them to consumers under installment contracts, taking payment over weekly or monthly schedules. Ancillary charges disclosed include delivery cost spread across the first half of installments, optional insurance at 10% of product cost, Failure-To-Return fees of 3% (weekly plans) and 10% (monthly plans) after grace periods, and a 10% cancellation fee on installments already paid before delivery.

Revenue derives from the sale of catalogue products paid for in installments, plus delivery charges built into installments, optional insurance priced at 10% of product cost, and fees applied on missed payments and cancellations. The company states plans carry no interest and no hidden charges.

Traction

The Google Play listing records more than one million downloads for the CDcare app, last updated 17 September 2026. A 2023 founder interview described the company as bootstrapped and at a growth stage.

Latest developments

The September 2026 app release added in-app chat, payment by bank, simplified location verification, an in-app call centre, improved ID verification, an upgraded referral code and performance fixes. The support site offers free internet calls powered by Frecall alongside an authenticated support chat.