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# Nigeria's credit infrastructure platform Indicina raises $3 million in a seed round
- URL: https://www.techloy.com/nigerias-credit-and-financial-management-startup-indicina/
- Published: 2022-06-06T12:33:07.000Z
- Updated: 2022-12-08T01:02:39.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Tech in Nigeria

[Indicina,](https://indicina.co/) a Nigeria-based credit and financial management platform has raised $3 million in its seed funding round led by Target Global. 

- The funds will be used to expand its services to new African markets, build out more products, and hire additional talents in data science and machine learning.
- Launched in 2019, Indicina offers a credit infrastructure platform that allows lenders to access credit scoring and sentiment analysis, and get ML-based financial analytics and improved insights on customers for risk-free credit decisions.
- The platform provides credit infrastructure for lenders to market their digital products faster, with over $5 million in loans processed and $1.17 million disbursed.
- Greycroft and RV Ventures participated in the funding round.