Fin Africa
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Fin Africa - overview
Established
2019
Location
-, -, Mauritius
Primary Industry
Financial Services
About
Based in Mauritius, and founded in 2019 by Timothy Nuy and Tonderai Mutesva, Finclusion Group Limited is a provider of financial services and credit products. In January 2022, Finclusion Group Limited raised USD 20 million in an unspecified round from Future Africa. Then, in May 2022, Finclusion Group Limited raised Venture funding from Cairo Angels. The company offers customers credit-led financial services including earned wage access, SME finance, and transactional banking.
Finclusion Group Limited uses proprietary AI algorithms and fintech solutions for fraud prevention and credit granting. The company generates revenue by providing financial services to customers across Africa. As of 2022, the company plans to use its funding for its geographic growth in South Africa, Eswatini, Kenya, Namibia, and Tanzania, and expand into Mozambique and Uganda. The company also hopes to increase financial wellness and inclusion in Africa through its services.
Current Investors
Future Africa, Acasia, Lendable
Primary Industry
Financial Services
Sub Industries
Credit Collections & Services
Website
www.finclusiongroup.com
Verticals
Artificial Intelligence, FinTech, FinTech, InsureTech
Total Amount Raised
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