CreditChek gains funding to deepen integrations with banks, microfinance institutions, and fintech lenders.
Nigeria’s CreditChek Raises $600k
Nigeria’s CreditChek has raised US$600,000 to expand its credit data infrastructure across East Africa, supporting its work with fintechs, lenders, banks, and other financial institutions.
The funding round was led by Janngo Capital, with participation from existing investor Assembly Investors and new investors Vastly Valuable Ventures and Unipeg Capital.
Building Credit Infrastructure for Lenders
Founded in 2021 by Kingsley Ibe and Lionel Orishane, CreditChek is a credit infrastructure company that enables financial services providers to assess risk, reduce defaults, and scale lending through credit and alternative data.
The company aggregates and standardizes data from several sources, including credit bureaus, financial institutions, and alternative data providers. This information is delivered through a unified API designed to support real-time decision-making.
Expansion Across East Africa
With the new funding, CreditChek plans to deepen its integrations across key East African markets. The company will work closely with banks, microfinance institutions, and fintech lenders as it expands its regional footprint.
The company has already processed more than US$60 million in credit applications across 1 million unique individual profiles. It has also achieved profitability in Nigeria and is now working to become a leading credit infrastructure layer for African financial services.
Addressing Credit Data Gaps
Kingsley Ibe said the company is focused on improving the quality and reliability of credit data available to lenders.
“Access to high-quality credit data remains a major bottleneck for financial services growth across many African markets. We’re building the data infrastructure that allows lenders to access richer, more reliable insights,” said Ibe. “This funding allows us to scale our infrastructure and partnerships in East Africa, bringing us closer to a future where credit decisions are faster, more inclusive, and more reliable.”
Investor Backing for Regional Growth
Fatoumata Bâ, founder and executive chair of Janngo Capital, said she was proud to lead the round, highlighting the company’s execution and market fit.
“CreditChek has demonstrated both strong execution and product-market fit. By enabling lenders to make better decisions using alternative data, the company is helping expand access to financing for millions of underserved individuals and businesses while addressing Africa’s estimated US$331 billion MSME financing gap,” she said.
Supporting Financial Services Access
For lenders, banks, and fintechs, access to stronger credit data can support more informed lending decisions. For CreditChek, the funding gives the company additional capacity to expand its infrastructure and partnerships beyond Nigeria.
The raise also reflects continued investor interest in companies building financial infrastructure for African markets, particularly where alternative data can support lending and expand access to financing for underserved individuals and businesses.
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