bfree
Ethical Credit Management Solutions
Lagos, Nigeria · Founded 2020 · $6.8M raised
- Headquarters
- Lagos
- Employees
- 201–500
- Founded
- 2020
- Business Model
- B2B
- Website
- bfree.io
- Total Funding
- $6.8M
- Last Round
- $3.1M Growth EquityFeb 2024
- Rounds
- 3
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
bfree is a Fintech company based in Lagos, Nigeria, founded in 2020. It has raised $6.8M in total across 3 rounds, most recently a $3.1M Growth Equity round in Feb 2024. Investors include Capria Ventures, Beta.Ventures and Angaza Capital.
Tech & App Stack
1 technologies & apps tracked
Every product and vendor across these categories, with where each signal came from.
Create a free account with 25 free credits every month, no card needed, to unlock the full tech & app stack, funding history, and valuations.
Funding History
Feb 2024
Sign up to see all 3 rounds
Growth Equity through Series A — per-round amounts, valuations, and who invested in each round.
Investors
Similar Companies
Citi is a leading global bank for institutions with cross-border needs, a global provider in weal...
Global fintech company operating Alipay and providing digital payment, wealth management, insuran...
Regulated institutional-grade cryptocurrency exchange offering spot trading for Bitcoin, Ethereum...
Robinhood provides retail brokerage, crypto, advisory, banking, and private-markets access throug...
Stripe provides payments, billing, money-management, fraud-prevention, and identity tools that he...
Grab is Southeast Asia's leading super-app, providing ride-hailing, food and grocery delivery, di...
Your company? Embed this profile
Add the live badge to your site — it stays current as your funding data updates.
<a href="https://indexed.vc/companies/bfree"><img src="https://indexed.vc/api/badge/company/bfree" alt="bfree on Indexed.vc" width="260" height="76" /></a>