Nigeria’s Indicina Raises $3M To Help Businesses Offer Credit To Their Customers At Scale
Amount Raised
$3 Million
Round Type
Seed
LagosInformation TechnologyFinancial ServicesSoftwareData And AnalyticsLending And InvestmentsDescription
For years, Africa’s credit infrastructure has lagged behind the rest of the world due to low credit coverage from its bureaus. Per a World Bank report, only 11% of Africa’s population have their credit information recorded by private credit bureaus. And for those who are banked, only 17% have accessed loans.
Quick answer
Indicina raised $3 Million in a Seed round, dated June 6, 2022. Indicina is based in Lagos, Lagos State, Nigeria.
- How much did Indicina raise?
- Indicina raised $3 Million in a Seed round on June 6, 2022.
- What does Indicina do?
- Johnson, who launched Indicina with CTO Jacob Ayokunle and chief data scientist Carlos del Carpio, said the platform has over 120 customers, including banks, non-bank lenders and fintechs.
- Where is Indicina based and how big is it?
- Indicina is based in Lagos, Lagos State, Nigeria.
Source: Fundz verified event record.
Who else raised in Financial Services and Data And Analytics around the same time
Companies in the same sectors as Indicina that raised within 45 days of this round, from Fundz verified event records.
- KuCoin raised $10M (Corporate Round) on July 21, 2022.
- FairPlay raised $10M (Series A) on July 19, 2022.
- Mahalo raised $20M (Funding Round) on July 19, 2022.
- Jakaverse raised $3M (Series A) on July 18, 2022.
- Pixium Vision raised an undisclosed amount (Funding Round) on July 14, 2022.
- Lucinity raised $17M (Series B) on July 7, 2022.
Who to call at Indicina, and when
A new round usually means Indicina is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Indicina raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Indicina, from your own LinkedIn network
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Fundz sees it the moment Indicina raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Indicina raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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