Kenyan financial technology company CreditChek has secured $600,000 in fresh investment to accelerate the expansion of its credit data infrastructure across East Africa, strengthening efforts to improve access to reliable lending information in the region’s rapidly growing digital finance ecosystem.
The new funding round was led by Janngo Capital and attracted support from existing investor Assembly Investors, alongside new backers Vastly Valuable Ventures and Unipeg Capital. The investment comes as demand for efficient credit assessment tools continues to rise among banks, fintech firms and other lenders seeking better ways to evaluate borrowers.
CreditChek operates a platform that consolidates credit information from multiple sources, including financial institutions, credit bureaus and alternative data providers. By integrating and standardising these datasets through a single application programming interface (API), the company enables lenders to conduct faster and more informed risk assessments.
Across many East African markets, access to dependable credit information remains a major challenge despite significant growth in mobile money services and digital lending. Fragmented records and inconsistent borrower data have often increased lending risks and raised operational costs for financial institutions. CreditChek aims to address these gaps through a unified credit intelligence infrastructure.
Brandspur Banking News Desk reports that the company enters its regional expansion phase with a strong operational foundation built in Nigeria, where it has already processed more than $60 million worth of credit applications covering over one million individual borrower profiles.
The fintech has also recorded profitability in Nigeria, providing additional confidence for investors backing its East African growth strategy. Its previous achievements include participation in the MTN Cloud Accelerator programme and a strategic collaboration with energy and technology firm Bboxx under a World Bank-supported initiative focused on expanding solar financing access for underserved households.
Industry analysts note that improved credit infrastructure remains critical to unlocking financing opportunities for small and medium-sized enterprises across Africa. Limited access to verified borrower information continues to constrain lending activity, particularly among businesses that lack extensive formal banking histories.
According to investors involved in the transaction, technology-driven credit assessment solutions can help financial institutions make more accurate lending decisions, reduce default risks and increase financial inclusion across emerging markets.
The latest funding will support deeper integrations with commercial banks, microfinance institutions and fintech lenders operating across East Africa. CreditChek also plans to strengthen its data network and enhance its ability to provide cross-border credit intelligence services.
As digital lending adoption continues to expand across Africa, companies providing the underlying infrastructure that powers credit decisions are attracting growing investor interest. The sector is increasingly viewed as a key enabler of financial inclusion, business growth and broader economic development.
With fresh capital now secured, CreditChek is positioning itself to become a major player in Africa’s credit technology landscape, leveraging its Nigerian success to build a broader regional network capable of supporting lenders and borrowers across multiple markets.
