BFREE Raises Growth Funding To Scale Distressed Credit Across Africa

BFREE, a pan-African distressed credit investor, has closed a growth equity round to scale its acquisition of non-performing retail and SME loan portfolios and expand across new markets.

The round was led by AfricInvest through its Financial Inclusion Vehicle (FIVE), with participation from Algebra Ventures, its first Nigeria-focused deal, alongside existing investors including Capria Ventures, VestedWorld, and 4Di Capital.

Founded by Julian Flosbach, Moses Njeru, and Chukwudi Eke in 2020, BFREE has evolved from a collections platform into an institutional-grade buyer of distressed debt, managing over 11 million borrower accounts across 35 transactions.

The new capital, which follows last year’s USD 3 M debt round, will fund larger portfolio acquisitions and deepen partnerships with financial institutions, positioning BFREE as a key infrastructure player in Africa’s credit ecosystem.