BFREE Africa Overview

  • Year Founded
  • 2020

Year Founded

  • Status
  • Private

  • Employees
  • 200

Employees

  • Latest Deal Type
  • Series A

  • Latest Deal Amount
  • $3.15M

  • Investors
  • 19

BFREE Africa General Information

Description

Developer of a credit management platform designed for credit collection. The company focuses on consumers' financial health by building artificial intelligence-based ethical credit management tools that make collection processes more scalable and user-friendly, enabling customers in emerging markets to self-administer their loan repayments and gain speed on basic financial knowledge and personal budgeting skills.

Contact Information

Website
www.bfree.africa
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • Second Floor, Block C, Motorways Building
  • Alausa, Lagos
  • Ikeja
  • Nigeria
+234
Primary Industry
Financial Software
Other Industries
Other Financial Services
Vertical(s)
SaaS, Artificial Intelligence & Machine Learning, FinTech
Corporate Office
  • Second Floor, Block C, Motorways Building
  • Alausa, Lagos
  • Ikeja
  • Nigeria
+234

BFREE Africa Timeline

2023202420252026
Financing RoundCaptured Employee CountEstimated Employee Growth

Want detailed data on 11M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

BFREE Africa Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Later Stage VC (Series A) 21-Apr-2026 $3.15M Completed Generating Revenue
6. Debt - General 08-Dec-2025 Completed Generating Revenue
5. Debt - General 10-Jul-2025 Completed Generating Revenue
4. Debt - General 26-Apr-2024 Completed Generating Revenue
3. Early Stage VC (Series A) 29-Feb-2024 Completed Generating Revenue
2. Early Stage VC (Series A) 01-Apr-2022 $1.7M $2.5M Completed Generating Revenue
1. Seed Round 11-May-2021 $800K $800K Completed Generating Revenue
To view BFREE Africa’s complete valuation and funding history, request access »

BFREE Africa Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series A
Series A-2
Series A-1
Series A-4
Series A-3 3,753,385 $0.000010 $0.85 $0.85 1x $0.85 17.21%
Seed 2,000,000 $0.000010 $0.4 $0.4 1x $0.4 9.17%
To view BFREE Africa’s complete cap table history, request access »

VC Exit Predictor

See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.

Opportunity Score

Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.

Exit Type

Evaluates the likelihood of a successful exit for investors, and the most likely exit type.

Request a free trial

BFREE Africa Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a credit management platform designed for credit collection. The company focuses on consumers' financial he
Financial Software
Ikeja, Nigeria
200 As of 2023

London, United Kingdom
 

Lagos, Nigeria
 
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

BFREE Africa Competitors (21)

One of BFREE Africa’s 21 competitors is Moniepoint, a Venture Capital-Backed company based in London, United Kingdom.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Moniepoint Venture Capital-Backed London, United Kingdom
CredPal Venture Capital-Backed Lagos, Nigeria
Chime Financial Formerly VC-backed San Francisco, CA
M-Kopa Venture Capital-Backed London, United Kingdom
Soldo Venture Capital-Backed London, United Kingdom
You’re viewing 5 of 21 competitors. Get the full list »

BFREE Africa Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

BFREE Africa Investors (19)

Investor Name Investor Type Holding Investor Since Participating Rounds
Africinvest PE/Buyout Minority
Algebra Ventures Venture Capital Minority
The Mastercard Foundation Africa Growth Fund Fund of Funds Minority
Angaza Capital Growth/Expansion Minority
AXIAN Investment Fund of Funds Minority
You’re viewing 5 of 19 investors. Get the full list »

Ready to get started?

Request a free trial

BFREE Africa FAQs

  • When was BFREE Africa founded?

    BFREE Africa was founded in 2020.

  • Where is BFREE Africa headquartered?

    BFREE Africa is headquartered in Ikeja, Nigeria.

  • What is the size of BFREE Africa?

    BFREE Africa has 200 total employees.

  • What industry is BFREE Africa in?

    BFREE Africa’s primary industry is Financial Software.

  • Is BFREE Africa a private or public company?

    BFREE Africa is a Private company.

  • What is the current valuation of BFREE Africa?

    The current valuation of BFREE Africa is .

  • What is BFREE Africa’s current revenue?

    The current revenue for BFREE Africa is .

  • How much funding has BFREE Africa raised over time?

    BFREE Africa has raised $14.9M.

  • Who are BFREE Africa’s investors?

    Africinvest, Algebra Ventures, The Mastercard Foundation Africa Growth Fund, Angaza Capital, and AXIAN Investment are 5 of 19 investors who have invested in BFREE Africa.

  • Who are BFREE Africa’s competitors?

    Moniepoint, CredPal, Chime Financial, M-Kopa, and Soldo are some of the 21 competitors of BFREE Africa.

Data Transparency

  • Meet our data hygiene team

    Discover how our experts ensure you’re getting the most accurate financial data in the industry.

    Read more

  • How PitchBook sources data

    Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.

    Discover our process