CreditChek Raises $600K to Expand Credit Infrastructure Across East Africa

Nigerian fintech CreditChek has raised $600,000 in early-stage funding to expand its credit data infrastructure across East Africa. 

Janngo Capital led, with participation from Vastly Valuable Ventures, Unipeg Capital, and return investor Assembly Investors. The total funding now stands at $935,000.

The new capital will drive the expansion of its credit data infrastructure across East Africa and further develop its service offerings for banks, microfinance institutions, and fintech lenders.

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The Credit Data Infrastructure Startup Enabling Lenders to Access Insights

Founded in 2021 by Kingsley Ibe and Lionel Orishane, CreditChek builds credit infrastructure for Africa. The company gives financial institutions real-time credit intelligence to make better lending decisions. 

By aggregating and standardizing data from credit bureaus, banks, and alternative sources into one API, CreditChek helps banks, fintechs, and microfinance lenders assess risk faster and more accurately across African markets.

“Access to high-quality credit data remains a major bottleneck for financial services growth across many African markets. We’re building the data infrastructure that allows lenders to access richer, more reliable insights,” said Kingsley Ibe, co-founder and CEO of CreditChek.

The deal underscores Janngo Capital’s presence in Africa. The firm backs pan-African, social impact-driven startups. “CreditChek has demonstrated both strong execution and product-market fit. The company is helping expand access to financing for millions of underserved individuals and businesses while addressing Africa’s estimated $331 billion MSME financing gap,” said Fatoumata Bâ, Founder and Executive Chair of Janngo Capital.

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How CreditChek’s New Funding Will Be Deployed

With the new funding, CreditChek will partner with banks, microfinance institutions, and fintech lenders to expand its footprint in key East African markets.

“This funding brings us closer to a future where credit decisions are faster, more inclusive, and more reliable,” Ibe said.

Digital lending is booming in the region, but a recent report flagged high default and delinquency rates as a major drag. Lenders need unified, real-time risk tools to stop borrowers from “stacking” loans. That’s the gap CreditChek aims to close.

The company can tap into deep mobile money penetration in markets like Kenya, where Safaricom’s M-Pesa and Airtel Money create a rich, paperless record of consumer behavior.

Competition is also lighter than in West Africa. Kenya hosts 227 digital lenders, led by Branch, Tala, M-Kopa, and Okash. Nigeria, by contrast, has about 461. Fewer players mean a more level playing field for new infrastructure.

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CreditChek recently joined the MTN Cloud Accelerator. Last June, it acquired Creditcliq to bridge cross-border credit gaps, and it now partners with Bboxx under the $750 million World Bank-funded DARES program.

Main Image: CreditChek Team. Image source: CreditChek