Fintech Raises New Investment to Help Millions Access Credit Using AI

Nigerian Fintech Raises New Investment to Help More People Access Credit Using AI

Nigerian fintech company Mathesis Analytics has secured a new investment from institutional investor First Ally Capital as it moves to expand its AI-powered credit infrastructure across the country.

Founded by Winston Osuchukwu, Mathesis is working on a problem that affects millions of Nigerians: having a financial history but not having enough of the right data to prove that you are creditworthy.

For many people, a good financial track record can exist across several different platforms.

Someone may have successfully repaid a microfinance loan, consistently saved through a fintech wallet or paid off a Buy Now, Pay Later facility, yet still struggle to demonstrate their creditworthiness when applying for another loan.

Mathesis is building technology designed to bring those fragmented signals together.

Its platform uses alternative behavioural and transactional data to help financial institutions make more informed lending decisions, particularly for people who are underserved by traditional credit systems.

The company describes this broader financial profile as “Personal Equity”, a measure of an individual’s financial behaviour gathered across the institutions and platforms where they transact.

The idea is simple: a person’s financial behaviour should not disappear simply because it happened outside the traditional banking system.

The new investment from First Ally Capital will allow Mathesis to expand its proprietary credit decisioning infrastructure and reach more financial institutions across Nigeria.

According to Osuchukwu, the investment also supports the company’s ambition to expand across Africa while continuing to build institutional-grade infrastructure for its partners.

The timing is significant for Nigeria, where access to credit remains a major challenge for individuals and businesses.

For lenders, the challenge is often not simply a lack of potential borrowers, but a lack of reliable information with which to assess them.

Mathesis is betting that artificial intelligence and alternative financial data can help close that information gap.

Rather than asking people to fit into an outdated definition of what a “creditworthy” customer looks like, the company is building technology that attempts to give lenders a fuller picture of how people actually manage money.

If successful, that could open the door to credit for people whose financial lives have largely remained invisible to traditional credit systems.

For Mathesis founder Winston Osuchukwu, the bigger opportunity is not simply building another fintech product.

It is helping create the infrastructure that allows more Nigerians to participate in the formal financial system.

And in a country where millions of people and businesses remain underserved by traditional lending, that infrastructure could become just as important as the financial products built on top of it.