Nigeria’s Indicina raises $3M to help businesses offer credit to their customers at scale

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.
Thus, there’s a real need to record credit transactions. And as financial services in Africa continue to get digitized, accessing credit in real time becomes increasingly important.
Africa’s credit bureau systems are due a revamp to tackle these issues, but since it’s a hard ask, infrastru

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