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Green House Capital, an investment company, led the fund with roughly 30% of the round.
The funding will be used for product expansion and deepening Indicina’s artificial intelligence (AI) capabilities.
Indicina closes six-figure funding round to expand financial products through AI
Indicina assists businesses in making smarter credit decisions. The data-driven platform is used to create credit rules and models as well as to understand credit assessment and scoring.
The platform offers end-to-end loan portfolio management and loan collections that are used by banks, insurers, consumer-finance, and other retail merchants.
Indicina’s approach
The platform allows African lenders both banked and non-banked to implement a data-driven approach that will assist customers by proving an insight into secured loan options.