CreditChek, a credit infrastructure company that enables fintechs, lenders, and financial institutions to assess risk, reduce defaults, and scale lending through credit and alternative data, has raised $600,000 to expand its data coverage across East Africa.
The funding round was led by Janngo Capital, with participation from existing investor Assembly Investors and new investors Vastly Valuable Ventures and Unipeg Capital.
The investment comes at a time when access to reliable credit data remains one of the biggest constraints to lending across the region. While East Africa has experienced rapid growth in digital financial services driven by mobile money adoption and a fast-expanding fintech ecosystem, lenders continue to face major challenges in accessing reliable and interoperable credit data. This has made underwriting more expensive, reduced the effectiveness of risk assessment, and limited access to credit for many individuals and businesses.
CreditChek is building core credit infrastructure designed to address this challenge. The company aggregates credit data from multiple sources, including financial institutions, credit bureaus, and alternative data providers, and standardizes it into a unified API that allows lenders to assess borrower risk in real time.
With the new funding, CreditChek plans to deepen its integrations across key East African markets by working closely with banks, microfinance institutions, and fintech lenders to improve access to credit intelligence and streamline lending processes.
CreditChek enters this expansion phase from a strong position in Nigeria, where it has already recorded significant commercial traction. The company previously reported more than $60 million in credit applications processed across 1 million unique profiles and has achieved profitability in its Nigerian operations. It also recently completed the MTN Cloud Accelerator programme, which strengthened its product development and go-to-market strategy.
Prior to this round, CreditChek was backed by Baobab Network and also announced a partnership with Bboxx under the $750 million World Bank-funded DARES programme, aimed at expanding solar financing to 17 million homes across rural Nigeria.
The East Africa expansion marks a major step in CreditChek’s ambition to become a leading credit infrastructure provider across Africa by connecting fragmented data ecosystems and enabling more seamless cross-border credit decision-making.
