Nigerian fintech Mathesis Analytics has raised an undisclosed amount of capital to fuel the expansion of its artificial intelligence-powered credit infrastructure platform across Africa. The company, which announced the funding on July 17, 2026, intends to use the investment to deepen its operations in Nigeria and scale into new markets on the continent.
Founded in 2022, Mathesis Analytics provides a platform that uses AI to analyze alternative data sources, enabling financial institutions and lenders to assess the creditworthiness of individuals and small businesses that lack traditional credit histories. The company's technology is designed to address the persistent challenge of financial inclusion in markets where formal banking penetration remains low but mobile phone usage is high.
According to the company, its platform has already facilitated credit access for thousands of Nigerians. The new capital will be directed towards enhancing its technology, expanding its team, and forging more partnerships with banks, microfinance institutions, and fintech lenders. A core part of its strategy involves scaling its infrastructure to support a broader range of financial products beyond credit scoring.
The funding round highlights continued investor interest in African fintechs building foundational financial infrastructure, particularly those leveraging data and AI to unlock new customer segments. While digital payments have seen widespread adoption, credit remains a significant gap, with many lenders still reliant on conventional collateral-based models that exclude a large portion of the population.
Mathesis Analytics operates in a competitive landscape that includes other credit scoring startups and larger fintech platforms integrating lending services. Its expansion plans come as regulatory bodies in Nigeria and other African markets pay closer attention to data privacy and consumer protection in digital financial services, factors that will influence the rollout of AI-driven credit models.
The company did not disclose the names of the investors participating in this round. The move to scale across Africa aligns with a broader trend of Nigerian fintech firms seeking regional growth, though such expansions often require navigating diverse regulatory regimes and adapting products to local market conditions.