Finclusion Group

About

Finclusion is a FinTech acceleration company that provides financial services and credit products using AI-powered and data-driven lending.

Ebène,Plaines Wilhems,Mauritius
https://www.finclusiongroup.com

Highlights

Details

Last Funding Type: Seed
Last Funding Money Raised: $2M
Industries: Artificial Intelligence,Consumer Lending,Credit,FinTech,InsurTech
Founded date: Jan 1, 2019
Operating Status: Active
Also Known As: Finclusion

Finclusion is a FinTech accelerating company that provides financial services and credit products using AI-powered and data-driven lending for fraud prevention and credit granting. The company also offers buy-now-pay-later (BNPL) services, salary advance schemes, loan services, and transactional banking to individuals and SMEs across 5 countries—South Africa, Eswatini, Namibia, Kenya, and Tanzania.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

5

$42M

Finclusion Group has raised a total of $42M in funding over 2 rounds. Their latest funding was raised on Dec 7, 2022 from a Seed round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Dec 7, 2022	Seed	$2M	3	Leonard Stiegeler	—	Detail
May 31, 2022	Seed	—	1	The Cairo Angels Syndicate Fund	—	Detail
Jan 18, 2022	Seed	$20M	14	—	—	Detail
Jan 18, 2022	Debt Financing	—	—	—	—	Detail
Sep 14, 2021	Debt Financing	$20M	1	Lendable	—	Detail

Investments

Number of Investments

Number of Lead Investments

2

1

Finclusion Group has made 2 investments. Their most recent investment was on Jun 20, 2022, when mTek raised 0.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Jun 20, 2022 mTek	Seed	—	Insurance	Yes
Aug 3, 2021 Krishify	Seed	₹197M	Agriculture	—

Investors

Number of Lead Investors

Number of Investors

3

17

Finclusion Group is funded by 17 investors. Leonard Stiegeler and The Cairo Angels Syndicate Fund are the most recent investors.

Investor Name	Lead Investor	Funding Round
Leonard Stiegeler	Yes	Seed
The Cairo Angels Syndicate Fund	Yes	Seed
Lendable	Yes	Debt Financing
Jai Mahtani	—	Seed
Sudeep Ramnani	—	Seed
Alexander Schwetz	—	Seed
Amandine Lobelle	—	Seed
Charles Delingpole	—	Seed
Christian Angermayer	—	Seed
Christian Faes	—	Seed