Mathesis Analytics, a Nigerian financial technology company, has raised an undisclosed amount of funding to scale its artificial intelligence-driven credit infrastructure across Nigeria. The Lagos-based firm, which provides AI-powered credit scoring and risk assessment services, announced the capital raise on Wednesday, July 16, 2026. The funds are earmarked for expanding its operations and enhancing its technology platform to serve more financial institutions and individuals.

The company's core offering is an AI platform designed to analyze non-traditional data sources to generate credit scores for individuals and small businesses. This approach aims to address a persistent challenge in Nigeria's financial sector: the lack of formal credit history for a large portion of the population. According to the company, its technology leverages alternative data, including mobile phone usage patterns and utility payment records, to assess creditworthiness.

Founder and Chief Executive Officer, Olumide Ojo, stated that the investment will accelerate the company's mission to improve financial inclusion.

This funding is a significant milestone that will enable us to scale our infrastructure and reach more Nigerians who have been excluded from the formal credit system,

Ojo said. He emphasized that the goal is to build a more robust and accessible credit ecosystem that supports both lenders and borrowers.

Nigeria, Africa's largest economy, has a significant gap in credit access despite a rapidly growing fintech sector. Traditional banks often rely on conventional collateral and formal employment records, which many potential borrowers lack. This has created a substantial market for alternative credit assessment models, particularly as mobile money and digital payment adoption increases. Mathesis Analytics positions itself within this niche, aiming to provide the underlying data infrastructure that other financial service providers can utilize.

The company plans to use the new capital to invest in its technology stack, grow its team, and forge partnerships with more banks, microfinance institutions, and fintech lenders. Expanding its client base is a key priority, as the effectiveness of its AI models depends on access to larger and more diverse datasets. The firm did not disclose the names of the investors involved in this round.

The funding comes at a time when regulatory bodies, including the Central Bank of Nigeria, are increasingly focused on frameworks for open banking and responsible lending. A reliable credit infrastructure is seen as a foundational element for a healthier digital finance landscape. Analysts note that while several players are exploring alternative credit scoring, scaling such solutions profitably and gaining widespread institutional trust remains a critical hurdle for the industry.