Indicina Technologies Limited

Indicina Technologies Limited provides innovative technology solutions that enhance efficiency in the credit sector, focusing on loan management and credit decisioning for various financial institutions. Founded in 2018 and headquartered in Lagos, Nigeria, Indicina Technologies Limited specializes in credit technology solutions. The company has completed 4 deals, with its latest funding round being a Seed round in June 2022, raising USD 3. 000 mn led by Target Global, with participation from Greycroft Partners and RV Ventures.

The founders include Carlos Del Carpio and Yvonne Johnson, with Yvonne Johnson serving as the CEO. Indicina offers a suite of technology solutions designed to empower businesses in the credit sector by providing tools for efficient loan management and credit decisioning. Their core product allows clients to digitize the entire lending process, managing each phase of an applicant’s loan lifecycle from application to disbursement and collection. The platform provides ready-to-use credit decisioning models that enable users to analyze the financial capacity of potential borrowers through an intuitive dashboard or API integration.

Indicina’s client base includes a diverse range of businesses such as banks, digital lenders, microfinance banks (MFBs), and startups, effectively catering to various market segments. While the primary geographical focus is on the African credit ecosystem, specific countries or regions where these services are implemented can vary. Indicina generates revenue through a model primarily based on partnerships and subscriptions, where businesses leverage their platform to streamline their credit offerings. Clients pay fees for access to the platform, which includes services such as transaction tracking, decisioning models, and customer support.

Businesses utilizing Indicina's technology can integrate the platform into their existing workflows, enabling them to offer credit more efficiently. The transaction structure generally follows a B2B model, where credit providers pay for ongoing access to Indicina’s tools that enhance their lending capabilities. Specific pricing details for the services offered, including flagship products, have not been disclosed. In June 2022, Indicina Technologies Limited raised USD 3.

000 mn in Seed funding, led by Target Global, with participation from Greycroft Partners and RV Ventures. The company plans to utilize this funding to enhance its machine learning processes and develop new versions of its business product, enabling clients to provide credit more effectively. Indicina aims to expand its market footprint within the African credit ecosystem, though specific new markets targeted for expansion are not detailed.