Regxta co-founder and CTO Moses Obika won a 2026 Global Recognition Award, citing 30,000 customers, $50,000 monthly revenue, and $1M+ pre-seed funding.
Moses Obika, co-founder and CTO of Regxta, has received a 2026 Global Recognition Award.
Regxta is a Nigerian fintech focused on micro-loans for small businesses and people who are unbanked, meaning they do not have a traditional bank account.
The award recognises Obika’s technical leadership in building and scaling Regxta. The release cites growth from 3,000 to 30,000 customers, a 900% increase. It also cites monthly revenue rising from $5,000 to $50,000.
According to the announcement, Regxta also secured over $1 million in combined equity and debt in a pre-seed round. Pre-seed is an early funding stage that helps a startup build a product and prove demand.
A key part of the story is Regxta’s use of machine learning for credit scoring. Machine learning is software that finds patterns in data to make predictions. In lending, it can help estimate whether a borrower is likely to repay.
The release says the credit model uses alternative data, rather than traditional credit bureau history. That matters in markets where many micro-entrepreneurs have limited documentation or formal credit records.
Digital lenders across Africa keep running into the same constraint, how to lend responsibly when credit history is thin. Recognition aside, the more important signal here is that Regxta is tying engineering choices to measurable outcomes, customer growth, revenue growth, and capital raised.
If Regxta’s model performs well over time, it could widen access to working capital for informal and small businesses. Working capital is the day-to-day money a business needs to restock, pay staff, and cover expenses.
For Nigeria’s fintech ecosystem, awards like this also highlight a shift toward credit infrastructure and risk systems, not only payments. As competition increases, underwriting quality and reliability will likely decide which lenders can scale without rising defaults.
You can find Regxta on Liners here: Regxta.
Primary Source: markets.businessinsider.com
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