Deal Street

African Fintech Finclusion Group Raises USD 20 Mn Investment To Expand
African Fintech Finclusion Group Raises USD 20 Mn Investment To Expand

Finclusion Group, an African FinTech platform, has raised USD 20 Mn in an investment round led by Lendable, a prominent FinTech debt financing provider. The investment will help the company to expand its presence in East and South African markets.

Finclusion combines excellent proprietary artificial intelligence (AI) algorithms with cutting-edge technology to provide safe financial services while maintaining accurate automated credit decisions. It has a number of products that address Africa’s underserved markets by providing solutions that make financial services more accessible while also encouraging financial literacy and wellness.