Mines.io provides white‑label B2C credit‑as‑a‑service products to large firms, enabling partners to offer consumer loans on mobile phones, including USSD non‑smart devices. The company combines big‑data (primarily from mobile users) and proprietary risk algorithms with full deployment services—disbursement, collections, payments, loan management and regulatory support—to power lending decisions. Mines generates revenue through fees and revenue‑share arrangements with partners and currently counts Interswitch and Airtel among its clients. The leadership team is led by CEO and co‑founder Ekechi Nwokah, Chief Scientist Kunle Olukotun and MD Adia Sowho. Mines maintains offices in San Mateo and Lagos and plans to use the new funding to expand its credit‑as‑a‑service products into South America and Southeast Asia in the next few months.

Total raised

$13M

Funding rounds

1

Latest round

Series A

Latest activity

Aug 2018