Creditchek is a financial service company developed to check and verify customers’ credit worthiness. According to Kinsley, Creditchek raised the pre-seed to build a reliable customer data infrastructure.
In December 2021, Cereditchek launched. The aim was to provide Nigerian fintech companies access to a reliable and holistic platform where lenders can verify the customer’s credit profile.
Just as all businesses would understand, including fintech, the idea needed funding. But unfortunately, creditchek founders Kingsley Ibe and Lionel Orishane soon realized that funding was not easy to come by.
Funding. In less than a year after launching, Creditchek receives massive support and financial resources. In his announcement. Kingsley mentioned a few investors who deemed Creditchek worthy of a little push.
He mentioned that “Atom Capital led the round with participation from Aidi Ventures, Emmanuel Gbolade of Termii, Ham Serunjogi of Chippercash, Olumide Ogunsanwo of Adamantium Fund, Assembly Investors, Isaac Ewaleifoh of Launch Africa Ventures, and Ogundiran Kayode.”
Creditchek has the vision to go beyond the shores of Nigeria and aims to provide Africa with a reliable platform. This vision includes a database to help reduce high NPL and to prevent bad debts.
In a more extensive statement by Kingsley on Medium, he mentioned that the company offers three product features for its customers.
1) Income Insight: A feature that uses bank-verified transactional data to access the user’s financial profile. A view of the cash flow and idea of an approximate income figure.
2) Credit Insight: This feature provides historical data from various sources and helps give significant insight into the borrower’s debt and credit status.
3) Identity: This feature helps financial businesses unveil the customer’s true identity. This feature uses BVN and NIN as reliable tools to provide this data.
The company appreciated all investors that are “crazy enough” to believe Ceditchek and actualize its goals.