Nigeria’s leading fintech company, Mathesis Analytics, has secured a strategic investment from First Ally Capital, a move set to accelerate its expansion across Africa and strengthen efforts to improve access to credit for millions of underserved individuals. The company, known for its Artificial Intelligence-powered credit decisioning infrastructure, said the funding will support the scaling of its technology and deepen financial inclusion by helping lenders assess borrowers beyond traditional credit scoring systems.
Founder and Chief Executive Officer of Mathesis Analytics, Winston Osuchukwu, described the investment as a strong endorsement of the company’s vision to transform Africa’s credit landscape. According to him, achieving true financial inclusion requires collaboration between fintech firms and financial institutions. He noted that Mathesis’ innovative approach allows lenders to evaluate a borrower’s “Personal Equity” — a data-driven measure of financial behaviour that provides a more accurate picture of creditworthiness, even for individuals without formal credit histories.
In Nigeria, where access to credit remains a challenge for many, fragmented financial data often prevents responsible borrowers from being recognised by lenders. Many individuals regularly repay loans, save through fintech platforms, and meet other financial obligations, yet these activities are rarely captured within traditional credit systems. Mathesis aims to solve this problem by consolidating behavioural and transactional data from multiple sources, creating a comprehensive credit identity that reflects a person’s complete financial journey.
First Ally Capital said its decision to invest in Mathesis aligns with its commitment to supporting innovative financial solutions that deliver long-term value. Managing Director and Chief Executive Officer, Ebenezer Olufowose, praised the fintech’s technology-driven approach to credit decisioning, describing it as a significant step toward responsible innovation and inclusive economic growth. He added that the partnership reflects First Ally Capital’s confidence in businesses that are reshaping financial services across Africa.
The investment comes at a time of rapid growth for Mathesis Analytics, whose infrastructure has already supported more than eight million loans for over two million unique borrowers in Nigeria. With plans to expand its footprint across the continent, the company believes the new funding will help redefine how credit is assessed and distributed in Africa. Industry observers say the partnership could play a key role in closing the continent’s credit gap and unlocking greater economic opportunities for millions of individuals and small businesses.
source: punch
