Advancly

Advancly is a digital lending platform and liquidity partner that helps African MSMEs, aggregators, and fintech businesses extend credit and offer embedded financial services across their ecosystems.

Key capabilities include:

• Credit-as-a-service (Advancly Spark): APIs and tooling to start or scale a lending business, including credit portfolio extension and use cases such as working capital, invoice financing, payroll financing, inventory financing, and purchase order financing.
• Embedded finance (Advancly Embed): an API-led approach to onboard businesses, integrate via documented APIs, and embed lending and related financial services into existing websites or apps without building full fintech infrastructure.
• Investment access (Advest): an investment product for funding creditworthy businesses, with stated 16–18% annual ROI over 3–12 month tenures and real-time performance tracking.
• Automated risk assessment: credit scoring that uses data, machine learning, and AI to support credit decisions and reduce non-performing loans; the platform is powered by Mifos for core banking capabilities via REST APIs.

Available on Web (via spark.advancly.com/login), IOS, Android and via APIs (API documentation is provided).

Target users include MSMEs, aggregator platforms, fintechs, and businesses in sectors such as FMCG, healthcare, BNPL, logistics, and ride-hailing, plus investors seeking exposure to private credit.

Advancly is notable for its focus on credit infrastructure in African markets, reporting financing for 50,000+ beneficiaries across 6 countries and $80M+ in credit injected, plus stated ISO 22301 and NDPR compliance and the operation of a digital-first microfinance bank in Nigeria.