CreditChek has raised $600,000 to expand its credit intelligence infrastructure across East Africa, as lenders across the region continue to grapple with one of the industry’s oldest problems: fragmented and incomplete borrower data.
The round was led by Janngo Capital, with participation from Assembly Investors, Vastly Valuable Ventures, and Unipeg Capital.
The capital will help CreditChek deepen its presence in East Africa by integrating with banks, microfinance institutions, credit bureaus, and fintech lenders to improve access to real-time credit information.
The company’s proposition is relatively straightforward. CreditChek aggregates credit and alternative data from multiple sources and standardizes it through a single API, allowing lenders to assess risk more efficiently.
In markets where credit records are often scattered across institutions, the ability to pull together a more complete borrower profile can reduce underwriting costs and improve lending decisions.
Also read, Nigerian Startup Creditchek secures $240k Pre-seed Funding
That challenge remains particularly relevant in East Africa. Mobile money adoption and digital lending have expanded financial access across the region, but reliable credit infrastructure has not always kept pace.
Many lenders still struggle to access interoperable data, making it harder to price risk accurately and extend credit confidently to new customers.
CreditChek’s co-founder and CEO, Kingsley Ibe, sees the company as part of the underlying infrastructure layer that supports financial services growth. He believes richer credit data and stronger integrations can help lenders make faster and more reliable decisions while expanding access to finance for underserved consumers and businesses.
The company enters this expansion phase with some momentum from Nigeria. CreditChek says it has processed more than $60 million in credit applications across one million unique profiles and has already reached profitability in its home market. That is a notable milestone at a time when many infrastructure startups are still prioritizing growth over financial sustainability.
For Janngo Capital, the investment is a bet on a less visible segment of fintech. Rather than building consumer-facing financial products, CreditChek is focused on the data rails that sit behind lending decisions.
Janngo noted that the company has demonstrated product-market fit and execution, while helping address a financing gap that continues to limit access to capital for small businesses across Africa.
The funding follows a period of growing activity for the startup. CreditChek previously received backing from Baobab Network, completed the MTN Cloud Accelerator programme, and partnered with Bboxx through the World Bank-backed DARES initiative, which aims to expand solar financing to millions of households in rural Nigeria.
The significance of this raise goes beyond the amount. African fintech has spent years building payments, transfers, and digital banking channels.
The next phase may depend more heavily on the quality of the data infrastructure sitting underneath those services.
Credit access often breaks down when lenders lack confidence in the information available to them. Companies that can help close that trust gap could become an important part of the continent’s financial stack.
CreditChek is betting that better credit decisions start with better data. East Africa is its next proving ground.
Don’t miss important articles during the week. Subscribe to techbuild.africa weekly digest for updates
