bfree
bfree is a fintech company in Lagos, Nigeria, founded in 2020. It has raised $6.8M across 3 rounds, most recently a $3.0M Series A in February 2024.
Ethical Credit Management Solutions
- Headquarters
- Lagos
- Employees
- 201–500
- Founded
- 2020
- Business Model
- B2B
- Website
- bfree.io
- Total Funding
- $6.8M
- Last Round
- $3.0M Series AFeb 2024
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 3 funding rounds and 7 investors for this company. The full record is or through the API.
About
BFREE is a pan-African distressed credit investor and digital debt management platform that partners with financial institutions to purchase and manage non-performing loan portfolios. The company offers a SaaS workflow for internal collections teams and acquires distressed consumer loan assets directly, using machine learning to analyze borrower behavior and tailor collection strategies to individual circumstances. Founded in 2020 and headquartered in Lagos, Nigeria, BFREE serves lenders across Africa with the goal of strengthening institutional liquidity, reducing non-performing loan ratios, and helping borrowers rebuild financial stability. The platform manages over 11 million borrowers and more than $500 million in distressed assets.
Summary
It lists 201–500 employees. It has raised $6.8M in total across 3 rounds, most recently a $3.0M Series A round in Feb 2024. Investors include Capria Ventures, Beta.Ventures and Angaza Capital.
Tech & App Stack
1 technology or app tracked
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Funding History
Feb 2024
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Funding: Seed through Series A. Amounts, valuations, and investors where available.
Investors
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