# BFree

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bfree

- Industry: Financial Services
- Headquarters: Delaware, US
- Website: www.bfree.io/
- Total disclosed funding: $3.8M
- Latest round: Seed (Feb 29, 2024)
- Investors on record: 8

## About

Based in Delaware, US, and founded in 2020 by co-founders Julian Flosbach (CEO), Chukwudi Enyi, and Moses Nmor, BFree operates as a provider of credit management platforms, offering debt recovery and asset purchase solutions to lenders and borrowers. In February 2024, BFree raised USD 3 million in seed funding led by Capria Ventures, with participation from Angaza Capital, Modus Capital, Axian Group, GreenHouse Capital, and Launch Africa Ventures.

The company provides a credit management platform that offers ethical credit recovery solutions to financial organizations. The platform's services include automated loan collections, distressed asset purchases, and customer data analysis. Moreover, the firm offers solutions such as AI-driven collection workflows, self-service tools for customers, and timely reporting for lenders. Additionally, the firm also provides services such as distressed asset purchasing and ethical recovery processes for non-performing loans.

## Funding rounds

- Seed, Feb 29, 2024, $3M — Capria Ventures, Greenhouse Capital, Modus Capital, AXIAN Investment, Launch Africa Ventures, Angaza Capital
- Seed, May 14, 2021, $0.8M — Greenhouse Capital Partners, Beta Ventures, Launch Africa Ventures

## Investors

- Greenhouse Capital Partners (https://capitalatlas.ai/funds/greenhouse-capital-partners) — Seed
- Beta Ventures (https://capitalatlas.ai/funds/beta-ventures-2) — Seed
- Launch Africa Ventures (https://capitalatlas.ai/funds/launch-africa-ventures) — Seed
- Capria Ventures (https://capitalatlas.ai/funds/capria-ventures) — Seed
- Greenhouse Capital (https://capitalatlas.ai/funds/greenhouse-capital) — Seed
- Modus Capital (https://capitalatlas.ai/funds/modus-capital) — Seed
- AXIAN Investment (https://capitalatlas.ai/funds/axian-investment) — Seed
- Angaza Capital (https://capitalatlas.ai/funds/angaza-capital) — Seed