FinTech Finclusion Group raises US$20m investment to expand its presence

SOUTH AFRICA – Finclusion Group, an African FinTech platform, has raised US$20 million (R283) in an investment round led by Lendable, a prominent FinTech debt financing provider. Finclusion provides safe financial services by combining superior proprietary artificial intelligence (AI) algorithms with cutting-edge technology, all while retaining accurate automated credit determinations. “The team that worked on making this raise happen has been incredibly focused and inherently aware of what funding like this means to our business, and more importantly, our customers,” Tamuka Mpofu, Finclusion Group CFO said. “Partnering with a reputable institution…

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