Mathesis Analytics, a Nigerian fintech specialising in AI-powered credit decisioning infrastructure, has secured a strategic investment from institutional investor First Ally Capital to accelerate its expansion and strengthen access to credit across Nigeria and Africa.
The investment will support the growth of the company’s proprietary credit decisioning platform, designed to help financial institutions assess borrowers who lack traditional credit histories using alternative behavioural and transactional data.
According to the company, many Nigerians build strong financial records by repaying microfinance loans, saving through fintech wallets or servicing Buy Now, Pay Later (BNPL) facilities. However, these activities often remain invisible under conventional credit systems, making it difficult for borrowers to access new loans.
Mathesis Analytics said it addresses this challenge through its Personal Equity model, which aggregates financial behaviour across multiple institutions into a portable measure of creditworthiness. The company said the technology provides lenders with a more complete picture of an individual’s financial profile, enabling safer and more inclusive lending decisions.
Speaking on the investment, Winston Osuchukwu, Founder and Chief Executive Officer of Mathesis Analytics, said the partnership validates the company’s vision of transforming Africa’s credit infrastructure.
“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. This investment from First Ally Capital validates our approach to reshaping credit infrastructure. By quantifying ‘Personal Equity,’ we empower lenders to safely look beyond the constraints of formal credit histories and recognise a borrower’s true creditworthiness. This capital enables us to accelerate our pan-African expansion while maintaining the robust, institutional-grade infrastructure our partners rely on.”
First Ally Capital said the investment aligns with its commitment to supporting technology-driven financial services that promote inclusive economic growth.
Ebenezer Olufowose, Managing Director and CEO of First Ally Capital, said the investment reflects the firm’s confidence in innovative financial technology capable of creating long-term value across Africa.
“Our investment in Mathesis Analytics reflects our unwavering commitment to supporting technology-led financial services that drive inclusive growth. Mathesis’ pioneering approach to credit decisioning aligns seamlessly with our vision of fostering responsible innovation and creating sustainable, long-term value across the financial ecosystem.”
Mathesis said financial institutions can deploy its technology either as an API-powered intelligence layer that integrates with existing lending software or as a complete end-to-end lending platform.
The company revealed that its infrastructure has already supported more than 8 million loans for over 2 million unique borrowers in Nigeria. It is now expanding its operations across Africa, with the new investment expected to strengthen its pan-African growth strategy and improve financial inclusion through smarter credit assessment.
