Nigeria’s CreditChek, a credit infrastructure company that enables fintechs, lenders, and financial institutions to assess risk, reduce defaults, and scale lending through credit and alternative data, has raised US$600,000 to expand its data coverage across East Africa.
Founded in 2021 by Kingsley Ibe and Lionel Orishane, CreditChek is building the data rails for more responsible lending across Africa. The company helps fintechs, lenders, banks, and other financial institutions assess risk, reduce defaults, and expand access to credit by aggregating and standardising data from multiple sources, including credit bureaus, financial institutions, and alternative data providers, into a unified API for real-time decision-making.
The startup has already processed over US$60 million in credit applications across 1 million unique individual profiles, and achieved profitability in Nigeria. It is now expanding its footprint across East Africa as it works to become a leading credit infrastructure layer for African financial services.
It is doing this with the help of US$600,000 in funding in a round led by Janngo Capital, with participation from existing investor Assembly Investors and new investors Vastly Valuable Ventures and Unipeg Capital.
With this new funding, CreditChek plans to deepen its integrations across key East African markets, working closely with banks, microfinance institutions, and fintech 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.”
Fatoumata Bâ, founder and executive chair of Janngo Capital, said she was proud to lead the round.
“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.
