Mathesis Analytics has secured an investment from institutional investor First Ally Capital, strengthening its push to expand AI-powered credit infrastructure designed to unlock lending opportunities for millions of consumers outside the formal credit system.Â
The investment, announced on Wednesday, will support the expansion of Mathesis’ proprietary credit decisioning platform, which uses alternative behavioural and transactional data to help financial institutions assess borrowers with little or no formal credit history.
The deal highlights growing investor interest in technology-driven financial inclusion across Africa, where limited credit bureau coverage and fragmented financial data continue to constrain consumer and small-business lending.
Mathesis said its platform addresses one of the biggest structural challenges in Nigeria’s lending market: the inability of traditional credit systems to capture financial activity occurring across multiple digital platforms. Many consumers repay microfinance loans, save through fintech wallets, use Buy Now, Pay Later services, and transact digitally, yet much of that behaviour remains invisible to prospective lenders.
The company has built its business around what it calls “Personal Equity”. This is a system that aggregates financial behaviour across institutions and converts it into a portable measure of creditworthiness. The model is designed to provide lenders with a broader view of a borrower’s financial reliability beyond conventional credit records.
“True financial inclusion cannot be achieved in a vacuum; it requires structural collaboration in which lenders and fintech companies work as partners within the ecosystem,” said Winston Osuchukwu, founder and chief executive of Mathesis Analytics.
Osuchukwu said the investment validates the company’s approach to modernising credit infrastructure and will accelerate its expansion across African markets while strengthening its institutional-grade technology platform.
First Ally Capital, which operates across investment banking, asset management, trusteeship, banking and real estate, said the investment aligns with its strategy of supporting technology-led financial services capable of delivering long-term economic value.
“Our investment in Mathesis Analytics reflects our unwavering commitment to supporting technology-led financial services that drive inclusive growth,” said Ebenezer Olufowose, managing director and chief executive of First Ally Capital.
The transaction comes as Nigerian lenders increasingly seek new ways to assess credit risk amid rising demand for consumer financing and small-business lending. AI-driven underwriting models are gaining traction across emerging markets because they can analyse a wider range of data points, including repayment patterns, savings behaviour, digital transactions and other financial signals that traditional credit scoring systems often overlook.
Mathesis offers its technology either as an API-based intelligence layer that integrates with existing lending platforms or as a complete end-to-end lending infrastructure solution for financial institutions.
The company said its systems have already supported more than eight million loans for over two million unique borrowers in Nigeria, providing evidence of growing adoption among lenders seeking alternative credit assessment tools.
