Periculum builds credit analytics and data‑analysis tools that combine financial and non‑financial datasets to help lenders assess customers' creditworthiness. Launched in 2019, the startup has clients across Africa, South America, and North America and participated in Techstars Toronto in 2021. It offers both credit scoring and broader data analytics services and monetizes via API-call fees or subscription charges. Periculum plans to establish a separate entity and focus strictly on the Nigerian market and has hired Damilola Aluede as managing director of its Nigerian division. The platform uses existing data such as NIN and BVN for customers engaged in the economy and intends to draw on mobile transaction data to score underserved individuals. The company identifies obtaining broad, high-quality data sources in Nigeria as its biggest operational challenge. Founder Michael Temitope Collins developed the product based on his experience at Canadian banks and research into underserved customers.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2022