Migo Raises $13M in Series A to Revolutionize Embedded Lending and Expand Credit Access in Nigeria

Migo is thrilled to announce a significant milestone in its journey, having successfully raised $13,000,000 in its latest funding round. As an embedded lending platform revolutionizing how credit is extended to consumers and small businesses, Migo leverages proprietary machine learning algorithms and robust cloud infrastructure to assess credit risk using data-driven insights. This groundbreaking approach simplifies complex lending operations into a single, easy-to-integrate API, allowing partner companies to embed credit offerings seamlessly within their own apps. The infusion of capital will be strategically deployed to enhance the platform's capabilities, expand operations, and pioneer new ways to broaden economic access in Nigeria—a region where traditional credit bureaus have often left lower-income customers without the necessary financial support. This new funding round not only underscores investor confidence in Migo's innovative financial technology but also reinforces the company’s commitment to empowering underserved populations with life-changing opportunities. By refining its ML models and automation processes, Migo aims to optimize risk assessment and streamline credit facility operations, thereby reducing friction and accelerating access to capital for millions. The additional capital will further support product development and market expansion initiatives, ensuring that Migo continues to pioneer advances in embedded lending solutions across emerging markets. As the company scales its operations, it remains dedicated to its mission of promoting financial inclusion and driving economic growth by making credit accessible where it is needed most. This landmark funding milestone marks the beginning of an exciting new chapter for Migo, inviting both partners and customers to join in reshaping the future of lending, one innovative API at a time.