Nigerian fintech startup BFREE, a leading ethical credit manager platform, has raised a US$2.95 million round of funding to enhance its product suite. The company aims to provide effective solutions for debt management while supporting financial institutions in their risk management efforts. BFREE will use the funding to significantly enhance its suite of risk management solutions customised for banks and lenders. “At BFREE, we are focused on addressing the challenges of risk management in African economies. We foresee the growing prominence of credit management and are confident that BFREE will spearhead the creation of a secondary market on the continent for distressed assets.

Source: The North Africa Journal March 01, 2024 21:58 UTC