Company Overview
Finclusion Group is Africa's first credit-led neobank using advanced proprietary AI algorithms and pioneering technology to provide safe financial services and accelerate financial inclusion throughout Sub-Saharan Africa. Founded in 2019 and backed by Y Combinator (W20), the South African company raised $62M in total funding including $20M from Lendable and $40M through combined debt and equity raises. Finclusion operates in South Africa, Kenya, Tanzania, Eswatini, and Namibia with expansion plans for Uganda and Mozambique, achieving a $40M loan book as of 2022 and serving underbanked populations across the region.
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Strong Challenger
Finclusion Group is an established challenger with significant market presence and competitive offerings in Finance.
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