Canadian fintech startup launches to build a credit assessment infrastructure for Africa

Canadian fintech startup launches to build a credit assessment infrastructure for Africa

In Africa, access to financial services remains a challenge despite efforts by financial institutions to bridge the gap for consumer credit facilities. Even when consumers are provided with access to loans they can be charged as much as triple the base interest rate.

Because domestic credit is a key requirement for consistent economic growth in developing countries, a Canadian-based data analytics and credit assessment services company focused on underserved markets, wants to tackle the credit assessment challenge in Africa.