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Softbank Seed Funds African Startup Exiting ‘Stealth Mode’

  • Credrails aggregates and analyzes payments data in Africa
  • Startup plans to expand services across Africa by year end

Credrails, a startup that plans to aggregate financial data across Africa, will this month close a $2.5 million seed-funding round with backing from Softbank Group Corp., according to co-founder Clara Wanjiku Odero.

The company, founded in 2020 by Wanjiku Odero and Teresia Kairu, has been working with a few customers in Kenya and Nigeria, offering lending analytics and reconciliation, and will now publicly offer its services to a wider array of customers, exiting what Wanjiku Odero describes as “stealth mode.”