An ethical debt recovery startup in Nigeria focusing on managing distressed loan portfolios using AI.
African Startup Funding Remains Concentrated as Four Deals Account for Most of May 2026 Capital
Nala secured a $50 million credit facility in May 2026. LemFi raised $30 million through a Series B extension.
African Startups Raise $135 Million in May 2026 as Equity and Debt Funding Balance Out
37 companies in Africa raised around $135 million in funding in May, marking an increase from April's $110 million. The funding round featured an almost even split between equity ($65 million) and debt financing ($68 million).
Bfree, a Nigerian startup enabling lenders to recover debt ethically, gets $3M backing
Bfree, a tech-enabled debt collection startup, was founded to automate and introduce ethical debt recovery processes. The startup has secured $2.95 million in funding and plans to scale in Ghana, Kenya, and Nigeria.
