Indicina is a Nigerian digital infrastructure company founded in 2018 that builds API-driven credit infrastructure for Africa. Its core product is a data-driven lending platform that automates the credit value chain and provides APIs to power embedded finance. Enterprise customers use Indicina’s tools to digitize customer journeys, while fintech customers integrate its APIs for embedded offerings. The company emphasizes powerful data and analytics to improve client acquisition and credit risk assessment. Indicina plans to use the new funding to expand into other African countries, strengthen core product offerings, develop consumer credit recommendation tools, and improve its infrastructure. The seed raise is intended to power the company’s next phase of growth across the continent. Indicina is a Nigerian data-driven lending platform that digitises the credit value chain for banks, insurers, consumer-finance and retail merchants. Its core product, Originate, is a cloud-based, analytics-driven platform offering APIs and end-to-end functionality for identification verification, credit decisioning, disbursements, loan portfolio management and collections. The platform charges a base fee for users and also earns commissions on successful loan collections. Indicina reports it has processed more than $30 million in loan applications and supported over 22,000 customers. The company plans to use new funding to expand product offerings and deepen its artificial intelligence capabilities to improve credit assessment and scoring. Founded by Yvonne Johnson and Yemi Ajao, Indicina targets lenders across emerging markets including Africa, LatAm and Asia by encouraging digitisation of lending workflows.

Total raised

$3M

Funding rounds

2

Latest round

Seed

Latest activity

Jun 2022