What is Credable?
Founded in 2021, Credable operates as a digital banking platform designed to drive the future of finance by integrating essential financial services into businesses across emerging markets. The company's innovative B2B2C digital infrastructure enables partnerships with both financial institutions and businesses to launch a suite of financial products, including credit, savings, and payment solutions. Credable's strategic approach aims to bridge financial inclusion gaps and foster economic development through accessible digital banking services.
How much funding has Credable raised?
Credable has raised a total of $2.5M across 1 funding round:
Angel/Seed
$2.5M
Angel/Seed (2023): $2.5M with participation from Launch Africa Ventures, MAGIC Fund, and Venture Platform
Key Investors in Credable
Launch Africa Ventures
Launch Africa Ventures is a prominent Pan-African venture capital fund focused on addressing the funding gap for Seed and pre-Series A startups across Africa. With a decade of experience in venture building, the firm invests in diverse sectors and regions, supporting innovative solutions to significant challenges on the continent.
MAGIC Fund
MAGIC Fund is an early-stage venture capital fund designed by founders for founders, focusing on pre-seed and seed stage investments. With a mission to support entrepreneurs, the fund has backed over 250 startups in the last seven years.
Venture Platform
Ventures Platform is an investment firm dedicated to supporting founders who are innovating across Africa. The company focuses on investing in enterprises that address non-consumption, bridge infrastructural gaps, and facilitate equitable access to goods and services, ultimately aiming to democratize prosperity in the region.
What's next for Credable?
The recent major strategic investment signals a pivotal phase for Credable, likely enabling the company to scale its operations, expand its technological capabilities, and deepen its market penetration in emerging economies. This capital injection is anticipated to fuel further innovation in its digital banking infrastructure and bolster its partnerships with financial institutions and businesses. Credable's focus on embedding financial services suggests a strategic expansion into new verticals and geographies, solidifying its position as a key player in the digital finance landscape.
See full Credable company page
