Indicina Secures $3 Million Seed Funding to Expand Credit Access in Africa
Nigerian fintech company Indicina, focused on empowering lenders and fostering financial inclusion for African businesses and consumers, has successfully closed a $3 million seed funding round. This investment will fuel the company’s mission to provide crucial credit products across the continent.
Fueling Growth and Expansion
Indicina, a three-year-old company aiming to be a leader in machine learning-driven financial analytics, has already seen significant growth. The company reports a tripling of its customer base, encompassing banks, non-bank lenders, and technology startups. According to CEO Yvonne Johnson, the funding round was spearheaded by Target Global, with participation from Greycroft and RV Ventures. This new capital will accelerate Indicina’s expansion into new African markets, bolstering its commitment to strengthening the credit value chain. Johnson expressed her excitement about the funding, emphasizing its role in fostering their commitment to improving access to credit.
With this fresh injection of capital, Indicina is well-positioned to scale its operations and further its reach across the African financial landscape, ultimately driving economic growth and opportunity.
Keywords
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