Nigerian FinTech company Bfree has successfully raised $10 million in its latest funding round! This investment will help them achieve their plans to expand by buying and managing non-performing loan portfolios across African markets, and also strengthen their partnerships with banks and other financial institutions. The company was founded in August 2020 and has its main office in Lagos. Julian Flosbach, Chukwudi Enyi, and Moses Nmor started Bfree with the goal of developing digital solutions for managing debt using artificial intelligence.
Bfree Offers Platforms Powered by Data Analytics
Bfree provides platforms that use data analytics, artificial intelligence, and automation. These tools empower banks, finance companies, and digital lending institutions to get better at recovering bad loans, cut down on collection costs, and adopt more efficient digital ways to manage debt. The company currently operates in several African markets, including Nigeria, Kenya, and Ghana. Bfree aims to expand its operations even further across the continent, taking advantage of the rapid growth in the FinTech sector and the increasing demand for digital solutions in credit and debt management.Related editorial
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