Finclusion Group

investment firm

About

Finclusion is a FinTech acceleration company that provides financial services and credit products using AI-powered and data-driven lending.

Details

Last Funding Type
Seed
Last Funding Money Raised
$2M
Industries
Artificial Intelligence,Consumer Lending,Credit,FinTech,InsurTech
Founded date
Jan 1, 2019
Operating Status
Active
Also Known As
Finclusion

Finclusion is a FinTech accelerating company that provides financial services and credit products using AI-powered and data-driven lending for fraud prevention and credit granting. The company also offers buy-now-pay-later (BNPL) services, salary advance schemes, loan services, and transactional banking to individuals and SMEs across 5 countries—South Africa, Eswatini, Namibia, Kenya, and Tanzania.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$42M
Finclusion Group has raised a total of $42M in funding over 2 rounds. Their latest funding was raised on Dec 7, 2022 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Dec 7, 2022 Seed $2M 3 Leonard Stiegeler Detail
May 31, 2022 Seed 1 The Cairo Angels Syndicate Fund Detail
Jan 18, 2022 Seed $20M 14 Detail
Jan 18, 2022 Debt Financing Detail
Sep 14, 2021 Debt Financing $20M 1 Lendable Detail

Investments

Number of Investments
Number of Lead Investments
2
1
Finclusion Group has made 2 investments. Their most recent investment was on Jun 20, 2022, when mTek raised 0.
Date Company Name
Round Money Raised Industry Lead Investor
Jun 20, 2022 mTek
Seed Insurance Yes
Aug 3, 2021 Krishify
Seed ₹197M Agriculture

Investors

Number of Lead Investors
Number of Investors
3
17
Finclusion Group is funded by 17 investors. Leonard Stiegeler and The Cairo Angels Syndicate Fund are the most recent investors.
Investor Name Lead Investor Funding Round
Leonard Stiegeler Yes Seed
The Cairo Angels Syndicate Fund Yes Seed
Lendable Yes Debt Financing
Jai Mahtani Seed
Sudeep Ramnani Seed
Alexander Schwetz Seed
Amandine Lobelle Seed
Charles Delingpole Seed
Christian Angermayer Seed
Christian Faes Seed

Employee Profiles

Number of Employee Profiles
6
Finclusion Group has 6 current employee profiles, including Board member Leonard Stiegeler
Board member
Employee
Executive
Executive
Executive

Acquisition

Finclusion Group has acquired 1 organizations. Their most recent acquisition was Hello HR on Sep 21, 2021. They acquired Hello HR for 0.

Date Company Name
Industry Acquisition Type Price
Sep 21, 2021 Hello HR
Human Resources acquisition Detail