CreditChek Raises $600K To Expand Across East Africa

CreditChek, a Lagos-based credit infrastructure company, has raised $600,000 to expand its data coverage across East Africa. Known for enabling fintechs, lenders, and financial institutions to assess risk, reduce defaults, and scale lending through both traditional and alternative data, the company is now setting its sights on deepening its footprint in a region where reliable credit data remains hard to come by.

Launched in 2022 by Kingsley Ibe and Lionel Orishane, CreditChek helps banks, fintechs, and microfinance institutions evaluate creditworthiness using alternative data. Its products include Credit Insight, which gives lenders access to cross-border credit history data, and Income Insight, an AI-powered tool that analyses bank statements to verify income and understand cash-flow patterns of borrowers to estimate their capacity to repay.

The round was led by Janngo Capital, with participation from existing investor Assembly Investors and new investors Vastly Valuable Ventures and Unipeg Capital.

Even as digital financial services have taken off across East Africa, lenders are still struggling to access interoperable, dependable credit data , keeping underwriting costs high and limiting credit access for individuals and businesses.

CreditChek tackles this by aggregating data from financial institutions, credit bureaus, and alternative data providers into a unified API, allowing lenders to assess borrower risk in real time. With the new capital, the company plans to deepen integrations across key East African markets, working with banks, microfinance institutions, and fintech lenders.

“We are proud to lead this funding round in CreditChek, a company building the credit data infrastructure Africa needs to scale responsible lending. With over $60 million in credit applications processed across 1 million unique profiles and profitability already achieved in Nigeria, CreditChek has demonstrated both strong execution and product-market fit. By enabling lenders to make better decisions using alternative data, 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.”  Fatoumata Bâ, Founder and Executive Chair of Janngo Capital

“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. “This funding allows us to scale our infrastructure and partnerships in East Africa, bringing us closer to a future where credit decisions are faster, more inclusive, and more reliable.”