CreditChek has raised $600,000 in fresh funding to expand its credit data and lending infrastructure across East Africa, helping financial institutions make faster and more accurate lending decisions.
The investment round was led by Janngo Capital, with participation from existing investor Assembly Investors and new investors Vastly Valuable Ventures and Unipeg Capital.
The funding comes as lenders across East Africa continue to struggle with limited access to reliable and connected credit information. Despite rapid growth in digital financial services, mobile money, and fintech innovation, many banks and lenders still face difficulties assessing borrower risk due to fragmented credit data systems.
CreditChek aims to address this challenge by providing core credit infrastructure that combines information from banks, credit bureaus, financial institutions, and alternative data providers into a single platform. Through its unified API, lenders can access real-time credit insights to improve underwriting, reduce defaults, and expand access to financing.
With the new capital, the company plans to strengthen its integrations across key East African markets and work more closely with banks, microfinance institutions, and fintech lenders to improve access to credit intelligence.
Speaking about the investment, Kingsley Ibe said access to quality credit data remains one of the biggest barriers to financial services growth across many African countries.
He noted that the company is building infrastructure that allows lenders to access richer and more reliable borrower information, helping make credit decisions faster, more inclusive, and more dependable.
CreditChek enters this expansion phase from a position of strength. The company says it has already processed more than $60 million in credit applications across one million unique customer profiles and has achieved profitability in its Nigerian operations.
The startup also recently completed the MTN Cloud Accelerator programme, which helped strengthen its product development and market expansion efforts.
Commenting on the investment, Fatoumata Bâ said CreditChek is building the type of credit infrastructure Africa needs to support responsible lending at scale.
She added that the company’s use of alternative data can help financial institutions make better lending decisions while expanding access to financing for underserved individuals and businesses. According to Janngo Capital, this is particularly important given Africa’s estimated $331 billion financing gap for micro, small, and medium-sized enterprises (MSMEs).
Before this funding round, CreditChek received backing from Baobab Network and entered into a partnership with Bboxx under the World Bank-funded DARES programme. The initiative aims to support solar financing for up to 17 million homes in rural Nigeria.
The East African expansion represents a significant step in CreditChek’s broader strategy to become a leading credit infrastructure provider across the continent by connecting fragmented data systems and enabling smoother cross-border lending decisions.
