Data marketplace firm CARMA secures Microtraction funding to launch in Nigeria

KENYA – Kenya-based data marketplace startup CARMA, a provider of real-time credit data to lending companies on a peer-to-peer basis through a pay-as-you-go service, has raised funding from Nigerian venture capital firm Microtraction to relocate its headquarters to Lagos and launch operations there. CARMA describes itself as the world’s first credit data marketplace, tackling the gap in markets under-served by credit bureaus by providing lending companies with access to vital data to facilitate lending. Though headquartered in Nairobi, the startup’s initial launch took place in Zambia, and CARMA will now…

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Credit data marketplace CARMA expands its footprints to Zambia

ZAMBIA – CARMA, Kenya-based credit data marketplace which provides lending companies with access to real-time credit data on a peer-to-peer basis through a pay-as-you-go service, has signed an agreement for an initial launch in Zambia ahead of a full continental rollout. The startup’s initial launch will take place in Zambia, where it has signed an agreement with the country’s National Association of Savings and Credit Unions (NASCU) to provide credit reference services for 1,122 credit unions. These credit unions serve almost 1.5 million members, equivalent to almost 15 per cent…

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