News
Credit Chek raises $600 K to expand credit data infrastructure into East Africa
5+ hour, 34+ min ago (379+ words) Credit Chek, a Nigerian credit data infrastructure and financial intelligence company, has raised $600, 000 to enter East Africa, betting that lenders across the region need better tools to assess borrowers and reduce default risk. The round was led by Janngo Capital,…...
Payaza gets "A" credit ratings from GCR (Moody"s), Agusto, Data Pro, Intelligence Africa
1+ day, 5+ hour ago (377+ words) Payaza Africa Limited has secured upgraded credit ratings from four agencies, signaling growing investor confidence in the fintech company's financial stability and operational performance. The payment company recorded upgrades across the board, with Data Pro raising its rating from A…...
Credit Direct is quietly rebuilding business wallets from the ground up
1+ mon, 2+ week ago (451+ words) The Nigerian fintech ecosystem spent the better part of a decade solving the payments problem. Moving money became faster, cheaper, and more accessible. Millions of Nigerians who had never held a bank account gained access to wallets, virtual accounts, and…...
4 G Capital says 92% of SME borrowers pay on time
3+ mon, 1+ week ago (665+ words) A Kenyan small-business lender says 92% of its customers repay on time, even as Kenya's banking sector grapples with its highest non-performing loan ratio in years, making it an apparent outlier in a strained credit cycle. 4 G Capital, which lends to…...
Tech Cabal Daily " No more cheap loans
9+ mon, 1+ week ago (958+ words) If you work in African tech, you probably know Kola Aina, the founding partner of Ventures Platform. If you don't, then you probably know some of the 90 startups he has invested in: Paystack, Moniepoint, Lem Fi, Piggyvest, and Omni Retail....