Tuesday
May 12
2026

Bfree Raises $3.1 Million to Tackle Africa’s Growing Digital Loan Crisis

Bfree, a Nigerian startup focused on credit recovery and distressed loan management, has secured $3.1 million in new funding as it expands efforts to address one of Africa’s fastest-growing fintech problems — unpaid digital loans. It has raised more than $12 million in combined equity and debt funding since it was founded in 2020.

Photo courtesy of WorldRemit Comms.

Source: Innovation Village (link opens in a new window)

Categories
Technology
Tags
artificial intelligence, digital finance, fintech, lending, startups