Finclusion Group
OperatingFinclusion is a Mauritian startup which drives financial inclusion in Sub-Saharan Africa using AI powered and data driven lending.
- FinTech
- Port Louis, Mauritius
- Seed
- Founded 2019
- finclusiongroup.com ↗
- Total raised
- $42M
- disclosed
- Last round
- $2M
- Seed
- Rounds
- 5
- since 2019
- Investors
- 16
- on record
- Employees
- 2-10
About Finclusion Group
Finclusion is a Mauritian startup which drives financial inclusion in Sub-Saharan Africa using AI powered and data driven lending. Finclusion uses in-house, proven successful, advanced proprietary A.I. algorithms for credit granting and fraud prevention. Seasoned team of professionals with more than 50 years combined experience in banking, lending and credit risk. Full deployment of our technology stack in a lending subsidiary in South Africa to demonstrate proof of concept – with technology partnerships outside.
Finclusion Group funding5 rounds
All 5 rounds →Finclusion Group has raised $42M across 5 disclosed rounds. The latest is a $2M Seed announced 07 Dec 2022, led by Leonard Stiegeler.
- $20MDebt FinancingDebt Financing, $20M, $20M raised to date
- $20MAngelAngel, $20M, $40M raised to date
- $2MSeedSeed, $2M, $42M raised to date
SLA Funding Index · grey is capital raised before each round · 2 undisclosed rounds not drawn
Who has invested in Finclusion Group
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 07 Dec 2022 | Finclusion Group Seed | Leonard Stiegeler +2 | $2M |
| 31 May 2022 | Finclusion Group Seed | The Cairo Angels Syndicate Fund | Not disclosed |
| 18 Jan 2022 | Finclusion Group Angel | Amandine Lobelle +12 | $20M |
| 18 Jan 2022 | Finclusion Group Debt Financing | Not disclosed | Not disclosed |
| 15 Sep 2021 | Finclusion Group Debt Financing | Lendable | $20M |
Finclusion Group founders & team
Full team →- Timothy NuyFounder and CEO
- Tamuka MpofuCFO
- Matsi ModiseNon Executive Chairman
Finclusion Group competitorssame sector · similar funding
- Inclusivity SolutionsCape Town, South Africa
- Fintec LabsStellenbosch, South Africa
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Frequently asked about Finclusion Group
- Where is Finclusion Group based and when was it founded?
- Finclusion Group is headquartered in Port Louis, Mauritius and was founded in 2019.
- Who founded Finclusion Group?
- Finclusion Group was founded by Timothy Nuy (Founder and CEO).
- Who is the CEO of Finclusion Group?
- Timothy Nuy is Finclusion Group's Founder and CEO.
- How much funding has Finclusion Group raised?
- Finclusion Group has raised $42M across 5 disclosed rounds. Its latest, a $2M Seed, was announced on Dec 07, 2022.
- Who has invested in Finclusion Group?
- Backers include Leonard Stiegeler, Sudeep Ramnani, Jai Mahtani, The Cairo Angels Syndicate Fund and 12 others.
- What sector is Finclusion Group in?
- Finclusion Group operates in FinTech, Financial Services and Consumer Lending.
