BFREE Secures $2.95M from Capria to Drive Ethical AI-Powered Credit Solutions Across Africa
Tech In Africa | Sylvia Duruson - Mar 08, 2024
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Capria VenturesKenyaBFREENigeriaGhana
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AI OverviewThe most relavant information from the article.
  • BFREE has secured $2.95 million in fresh funding led by Capria Ventures.
  • BFREE initially focused on automating credit collections through AI-powered software.
  • The fresh funding will allow BFREE to enhance its suite of tailored risk management solutions for financial institutions across the region.
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The funding secured by BFREE is a significant achievement for the Nigerian fintech startup. Their evolution from credit collections to a comprehensive platform for non-performing loan portfolios shows their ambition and potential. With their ethical AI solutions, BFREE is well-positioned to drive financial inclusion and transform Africa's credit markets.
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