Mathesis Analytics Raises Funding to Scale Credit Decisioning Technology

Nigerian fintech company Mathesis Analytics has secured an undisclosed investment from First Ally Capital to expand its AI-powered credit infrastructure across the country and beyond. The funding will enable Mathesis to address a critical gap in financial inclusion by providing lenders with tools to assess borrowers who lack traditional credit histories.

Addressing Data Fragmentation Challenge

In Nigeria, where millions remain unscored or underserved by formal credit systems, Mathesis offers a solution through its concept of “Personal Equity.” This approach quantifies an individual’s complete financial behavior—including microfinance repayments, savings in fintech wallets, and BNPL usage—into a portable creditworthiness measure.

Enabling Financial Inclusion Through Innovation

“True financial inclusion requires collaboration across the ecosystem,” said Winston Osuchukwu, Founder and CEO of Mathesis Analytics. “By quantifying Personal Equity, we empower lenders to recognize borrowers’ true potential beyond traditional constraints.” The investment from First Ally Capital validates this approach and will support Mathesis’s pan-African expansion.

First Ally Capital noted that the investment aligns with their commitment to supporting innovative financial solutions that drive excellence in the market. Their diverse portfolio includes investment banking, asset management, and inclusive banking services.

Key Benefits for Financial Institutions

Mathesis’s infrastructure can be adopted as an analytical plugin or a complete end-to-end lending platform, offering:

• Comprehensive credit assessments using alternative data sources
• Improved risk management through precise borrower scoring
• Expanded access to credit for underserved populations
• Seamless integration with existing systems via APIs

To date, Mathesis’s technology has supported over 8 million loans for more than 2 million borrowers in Nigeria, demonstrating its impact on financial inclusion. With this new investment, the company is poised to transform how credit ecosystems operate across Africa.