# Indicina: Information technology & services, Lagos, Nigeria

> Indicina: Indicina is a FinTech company based in Lagos, Nigeria, focused on enhancing credit access across Africa through data-driven solutions.

Source: https://millionrounds.com/startup/indicina (Millionrounds; every figure on the page links to its filing or article)

Nigeria · [Information technology & services startup](https://millionrounds.com/companies)

# Indicina

Indicina is a FinTech company based in Lagos, Nigeria, focused on enhancing credit access across Africa through data-driven solutions.

Funding reported Last round: Seed

Information technology & services Lagos, Nigeria

Company summary

- **Founded:** 2018 8 years old
- **Team:** 19 11 to 50 people
- **Funding reported:** 7.1M as listed, currency not stated
- **Last round:** Seed Jun 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Indicina has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Indicina

Indicina is a FinTech company based in Lagos, Nigeria, focused on enhancing credit access across Africa through data-driven solutions.

Founded in September 2017, Indicina operates on a B2B and SaaS model, providing financial institutions with the technology needed to build a robust credit ecosystem. The company aims to accelerate economic inclusion by enabling lenders to make informed and efficient credit decisions. Indicina offers a range of services centered around credit decisioning and analytics, loan origination and management, and data infrastructure. Its flagship platforms, Originate and Decide, automate the lending process and leverage machine learning to analyze financial data, helping lenders assess creditworthiness and manage risk effectively. The company also provides a Buy Now Pay Later (BNPL) platform, allowing businesses to offer flexible payment options to customers. Indicina serves a diverse clientele, including banks, non-bank lenders, insurers, and retail merchants, facilitating significant loan processing and disbursement across the continent. With a commitment to innovation, Indicina utilizes alternative data and predictive modeling to support the unbanked and underbanked populations in Africa.

## What company datasets say Indicina raised

Funding, as reported

Reported in all **7.1M** in the source's currency

Rounds **6**

Last round **Seed**

Last round size **3M**

Last round date **Jun 2022**

## On 2 portfolio pages

Investors who name them

- [Target Global](https://millionrounds.com/fund/target-global)
- [Magic Fund](https://millionrounds.com/fund/magic-fund)

Each firm lists Indicina on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

consumer credit analytics loan application processing computer & network security information technology & services credit bureau data financial services mobile credit platforms finance third-party integrations data security credit risk models bank statement analysis api integration buy now pay later alternative data automated credit scoring

Built with from their website

Amazon SES Google Tag Manager WordPress.org HREF Lang Font Awesome Apache Elementor Google Workspace Viewport Meta MongoDB

+8 more

Site Kit CookieYes Amazon Simple Email Service PostgreSQL webpack.NET All in One SEO Google Cloud Hosting

- **Sector:** Information technology & services
- **Industry code:** NAICS 54151, 513210, 522390, SIC 7375, 7372, 6199
- **Region:** Lagos
- **Revenue:** 4.1M a year, as listed

## Information technology & services in Nigeria

Startups like it

- [**Chowdeck** Lagos · founded 2021 *Raised*](https://millionrounds.com/company/chowdeck)
- [**PaidHR** Lekki · founded 2021 *Raised*](https://millionrounds.com/company/paidhr)
- [**Interswitch Group** Lagos · founded 2002](https://millionrounds.com/startup/interswitch-group)
- [**Sabi** Lagos · founded 2021](https://millionrounds.com/startup/sabi-3)
- [**Omni** Lagos · founded 2021](https://millionrounds.com/startup/omni-10)
- [**Terragon Group** Lagos · founded 2009](https://millionrounds.com/startup/terragon-group)
- [**Myluxtrade Digital hub** Benin City · founded 2021](https://millionrounds.com/startup/myluxtrade-digital-hub)
- [**FransUnisoft** Lagos · founded 2025](https://millionrounds.com/startup/fransunisoft)

## Is this your company?

Add your raise, your deck and your story, and put Indicina in front of investors. Or tell us what we have wrong.

[List your startup](https://millionrounds.com/list-your-startup)[Send a correction](https://millionrounds.com/corrections)