BFREE closes growth round to accelerate its pan-African distressed credit buying business

BFREE closes growth round to accelerate its pan-African distressed credit buying business

BFREE, a pan-African distressed credit investor, secures a growth round led by AfricInvest to acquire non-performing loan portfolios across Africa. Read More: https://punchng.com/bfree-closes-growth-round-to-accelerate-its-pan-african-distressed-credit-buying-business/

BFREE closes growth round to acquire non-performing loans across Africa

BFREE, a Lagos-headquartered distressed credit investor, has closed an undisclosed growth equity round to scale its acquisition of non-performing loan portfolios across Africa. The round was led by AfricInvest through its Financial Inclusion Vehicle (FIVE), with Algebra Ventures joining, marking its first investment in a Nigeria-headquartered company. Existing backers Capria Ventures, VestedWorld, Axian CVC, Angaza Capital, 4Di Capital, and DotE…

AfricInvest Leads New Round in Nigerian Fintech BFREE to Tackle Digital Lending Defaults

Nigerian fintech startup BFREE has secured a new growth round that will help it buy more non-performing loan portfolios, strengthen its forward flow deals with financial institutions, and expand into additional African markets. Founded in 2020 by Julian Flosbach, Chukwudi Enyi, and Moses Nmor, the company uses AI to improve debt collection across emerging markets. Its model is built around helping lenders recover distressed retail and SME credit…

BFREE Closes Growth Round to Accelerate Its Pan-African Distressed Debt Business

Growth equity round backed by leading African private equity and venture capital investors positions BFREE for significantly expanded portfolio acquisitions and geographic growth The post BFREE Closes Growth Round to Accelerate Its Pan-African Distressed Debt Business appeared first on Tech Labari.