CreditChek Raises $600K to Expand East Africa Credit Data

In Short: CreditChek $600K Funding For East Africa Credit Data

• CreditChek raised $600,000 to expand its credit data infrastructure into East Africa.
• The round was led by Janngo Capital.
• The company says it is already profitable in Nigeria.

What Happened: How CreditChek Builds Credit Data Infrastructure

CreditChek has closed a $600,000 funding round to extend its credit data infrastructure across East Africa. The company aggregates credit data, then standardises it and serves it through an API (a tool that lets software systems talk to each other).

The round was led by Janngo Capital. It also included returning investor Assembly Investors, plus new investors Vastly Valuable Ventures and Unipeg Capital.

CreditChek’s product focuses on underwriting, which is how lenders decide whether to approve a loan and what terms to offer. Many lenders in East Africa still face fragmented or incomplete credit files, even as mobile money and digital lending grow. That can make risk assessment slower and more expensive.

The startup says it has processed more than $60 million in credit applications across one million unique profiles in Nigeria. It also says the business is profitable there.

CreditChek previously participated in the MTN Cloud Accelerator programme. It also partnered with Bboxx under a $750 million World Bank-backed initiative focused on expanding solar financing to rural households in Nigeria.

Why It Matters: East Africa Lending, MSME Finance Gap, And APIs

For banks, microfinance institutions, and fintech lenders, better credit data can reduce defaults and improve loan pricing. “Better” here often means more sources, cleaner matching, and faster delivery, so credit checks can run in real time inside a lending app.

Janngo Capital founder Fatoumata Bâ tied the investment to Africa’s estimated $331 billion MSME financing gap. MSMEs are micro, small, and medium enterprises, in other words the small businesses that need working capital to grow.

CEO Kingsley Ibe said the new funding will go into deeper integrations with lenders across East Africa. The company’s longer-term goal is to become a cross-border credit infrastructure provider across the continent, which could help lenders support customers who operate in more than one market.

On Liners, CreditChek is listed as CreditChek .