South African Startup Inoxico Secures Equity Investment

Inoxico, a South African data analytics startup, has secured an equity investment from the Vumela fund managed by FNB South Africa and Edge Growth. The investment will enable the company to continue establishing itself as a recognised commercial credit risk technology provider.

Johannesburg-based Inoxico uses technology and analytics to source data, develop predictive models that drive better business decisions. It provides credit risk solutions, and help businesses grow their customers.