Nigerian Fintech Indicina Close to Completing Fundraising

By March 27, 2021 NEWS

Indicina, a Nigerian start-up provider of automated tools for credit assessment, is close to raising $1m from investors, managing director Yvonne Johnson told The Africa Report.

The equity funding will come from a mixture of local and foreign investors, and may be concluded in the next week, Johnson says from Lagos. The money will be used to fund product development.

Johnson, a former head of corporate strategy at First Bank of Nigeria, co-founded Indicina with Yemi Ajao in 2018.