CreditChek raises a $600k equity round to expand credit data infrastructure across East Africa

CreditChek, an African credit assessment provider, has raised $600,000 in early-stage funding to expand its credit data infrastructure across East Africa, fueling its pan-African ambitions. 

Janngo Capital led, with participation from Vastly Valuable Ventures, Unipeg Capital, and return investor Assembly Investors. The total funding now stands at $935,000.

Kingsley Ibe, Co-founder and CEO of CreditChek, says, “This funding brings us closer to a future where credit decisions are faster, more inclusive, and more reliable.” 

This is evidence of Janngo Capital‘s presence, which invests in pan-African, social-impact-driven startups. “CreditChek has demonstrated both strong execution and product-market fit. The company is helping expand access to financing for millions of underserved individuals and businesses while addressing Africa’s estimated $331 billion MSME financing gap,” said  Fatoumata Bâ, Founder and Executive Chair of Janngo Capital.

Founded in 2021 by Kingsley Ibe and Lionel Orishane, CreditChek has already processed over $60 million in credit applications across 1 million unique individual profiles and achieved profitability in Nigeria. The company aggregates credit data from multiple sources, including financial institutions, credit bureaus, and alternative data providers. It standardizes it into a unified API that lenders can use to assess borrower risk in real time.

With this new funding, it plans to work with banks, microfinance institutions, and fintech lenders and deepen its footprint in select East African markets.

A report noted that while digital lending was growing in the region. It is plagued by high rates of default and delinquency. Lenders will need unified, real-time risk assessment tools to prevent borrowers from “stacking” loans. This is what CreditChek aims to provide.

It will be able to leverage the mobile money penetration in countries with mobile wallets like Safaricom, M-Pesa in Kenya and Airtel Money, providing a rich, paperless ledger of consumer behavior. 

Also, the fewer competitors in East Africa, the more level the playing field. Kenya has 227, with Branch, Tala, M-Kopa, and Okash leading, while Nigeria has about 461. 

Recently,  it participated in the MTN Cloud accelerator. Last June, the company acquired Creditcliq to bridge cross-border credit gaps. It partnered with Bboxx under the $750 million World Bank-funded DARES programme.

Last updated: June 9, 2026