Canadian fintech startup and credit assessment company, Periculum, has announced its launch in Nigeria.

According to a statement, the company aims to tackle the challenge of domestic credit in underserved markets by automating credit assessment tools to close the consumer credit gap and help financial institutions provide credit facilities to the financially excluded.

Periculum’s founder and Chief Executive Officer, Michael Collins, said, “Africa needs domestic credit to stimulate real economic growth. And this is not only bank-to-business credit, it can also be digital lending for short-term credit as well as ‘buy now, pay later’ schemes.

The firm provides Credit as a Service (CaaS), Credit Assessment Software and Credit Bureau Service

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