Mines.io Raised $13M to expand big-data for lending in emerging market

Mines.io uses big-data to help lending companies to identify the risk profile of their customers in Nigeria and other emerging markets. Starting a lending startup in Nigeria is almost as quick as launching a WordPress site, this is made largely possible by Mines.io and other payment infrastructure in the country.

Mines.io has raised 2 seed funds and a debt financing before now and has been able to expand it’s customer base across payment service provider, telco company and lending startups.

With offices in Lagos and San Fransisco, the company is founded by high-flying computer scientists; Ekechi Nwoka and Kunle Olukotun. The funding will help them expand to other emerging market is South East Asia and South America.