BFREE secures Series A funding led by AfricInvest to enhance its acquisition of distressed loans across Africa. The amount remains undisclosed but will be used for expanding operations and portfolio acquisitions.
Round Type
Series A
LewesFinancial ServicesSoftwareInvestors
Description
BFREE, a Nigeria-based buyer of non-performing loans, has raised growth equity funding to scale its distressed loan acquisitions. The Series A round was led by AfricInvest with participation from Algebra Ventures and existing backers. Proceeds will fund larger acquisitions and enhance forward-flow arrangements in growing African markets. The firm aims to support financial institutions in managing small ticket non-performing loans effectively.
Who else raised in Financial Services and Software around the same time
Companies in the same sectors as BFREE that raised within 45 days of this round, from Fundz verified event records.
- Flagright raised $13M (Series A) on June 17, 2026.
- SharonAI raised $1.6B (Post-IPO Equity) on June 17, 2026.
- Trace Finance raised $32M (Series A) on June 17, 2026.
- Atlys raised $36M (Series C) on June 16, 2026.
- Pints AI raised $5.6M (Pre-Series A) on June 15, 2026.
- sunbay.io raised $635K (Seed) on June 11, 2026.
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Funding Insights
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