BFREE
OperatingBFREE is Africa's foremost ethical loan collector for microlending, microfinance, and banking institutions in Nigeria.
- Financial Services
- Lagos, Nigeria
- Growth Equity
- Founded 2020
- bfree.africa ↗
- Total raised
- $11.8M
- disclosed
- Last round
- Growth Equity
- Rounds
- 7
- since 2020
- Investors
- 15
- on record
- Employees
- 11-50
About BFREE
BFREE AFRICA is focusing on consumers’ financial health by building a tech-enabled ethical credit management company that makes collection processes in Africa more scalable, efficient and user-friendly. BFree was founded by digital lending professionals that were deeply unsatisfied with the established credit collection solutions in Africa. We focus our collection processes on sustainably leading customers out of debt by giving them back control over their finances.
BFREE funding7 rounds
All 7 rounds →BFREE has raised $11.8M across 7 disclosed rounds. The latest is a Growth Equity announced 06 May 2026, led by AfricInvest FIVE.
- $800KSeedSeed, $800K, $800K raised to date
- $1.7MSeedSeed, $1.7M, $2.5M raised to date
- $3MSeedSeed, $3M, $5.5M raised to date
- $3MDebt FinancingDebt Financing, $3M, $8.5M raised to date
- $250KFunding RoundFunding Round, $250K, $8.8M raised to date
- $3.1MFunding RoundFunding Round, $3.1M, $11.8M raised to date
SLA Funding Index · grey is capital raised before each round · 1 undisclosed round not drawn
Who has invested in BFREE
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 06 May 2026 | BFREE Growth Equity | AfricInvest FIVE +4 | Not disclosed |
| 23 Apr 2026 | BFREE Funding Round | Not disclosed | $3.1M |
| 24 Dec 2025 | BFREE Funding Round | Not disclosed | $250K |
| 10 Jul 2025 | BFREE Debt Financing | Verdant Capital | $3M |
| 05 Feb 2024 | BFREE Seed | Capria Ventures +4 | $3M |
| 06 Jan 2022 | BFREE Seed | 4Di Capital +4 | $1.7M |
| 17 May 2021 | BFREE Seed | Beta.Ventures +2 | $800K |
BFREE founders & team
- Moses NmorCo-Founder & CPO
- Julian FlosbachCo-Founder & CEO
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Frequently asked about BFREE
- Where is BFREE based and when was it founded?
- BFREE is headquartered in Lagos, Nigeria and was founded in 2020.
- Who founded BFREE?
- BFREE was founded by Moses Nmor (Co-Founder & CPO) and Julian Flosbach (Co-Founder & CEO).
- Who is the CEO of BFREE?
- Julian Flosbach is BFREE's Co-Founder & CEO.
- How much funding has BFREE raised?
- BFREE has raised $12M across 7 disclosed rounds. Its latest, a Growth Equity, was announced on May 06, 2026.
- Who has invested in BFREE?
- Backers include AfricInvest FIVE, Algebra Ventures, Capria Ventures, VestedWorld and 11 others.
- What sector is BFREE in?
- BFREE operates in Financial Services, Lending and Credit Management.
