Nigerian Fintech Startup Indicina Raises USD 3 Mn Seed Round

Nigerian-based startup Indicina raises USD 3 Mn seed round led by Target Global with Greycroft and RV Ventures participation. The new funding will kickstart Indicina’s expansion into other African markets and enable the company to reinforce its key product offerings, build more products for consumer credit recommendation, and bolster its infrastructure.

Indicina Technologies is a digital lending platform that deals in analytics-driven credit decisions for lenders. Lenders can use Indicina for credit scoring and bank sentiment analysis, to access ML-driven financial analytics and improved insights into consumers they currently don’t have, and derisk unsecured loans.