# Kredi Bank

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kredi-bank

- Industry: Financial Services
- Headquarters: Lagos, Nigeria
- Website: https://thekredibank.com/
- Total disclosed funding: $0.2M
- Latest round: Seed (Sep 5, 2022)
- Investors on record: 1

## About

Based in Lagos, Nigeria, and founded in 2010 by Afolabi Abimbola
 (CEO), and Samuel Orji (CSO), Kredi Bank, powered by Kredimoney Microfinance Bank is a digital bank that offers digital banking and financial services in Africa. In September 2022, KrediBank raised USD 180,000 in seed funding from new investor SOSV. Some of the firm’s partners include Infobip, Interswitch, Paystack, Mansard, etc. 

Kredi is an online retail-focused bank that offers its services through mobile apps. The firm’s services include savings accounts, vault services, and savings accounts for specific goals like children’s education. The bank also offers personal and business loans including collateral-backed loans, SME loans, and small, short-term loans called nano loans. Customers can also use mobile apps for money transfers, bill payments, and recharges. Moreover, Kredi offers device insurance, and auto and health insurance services. Furthermore, the firm offers a micro-investment platform and a platform to enable investments in mutual funds, the stock market, and the commodities market.

## Funding rounds

- Seed, Sep 5, 2022, $0.2M — SOSV

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed