Fintech Aella debt financing
Photo caption: makemoney.ng

Fintech startup, Aella secures $10m debt financing:

A Nigerian fintech start-up, Aella, just raised a $10m debt financing round from HQ Financial Group, a Singapore-based private company that specializes in fresh material science, semi-conductor, and blockchain financial investments. The start-up which concentrates on enhancing financial inclusion for West Africa’s low-income segment will use the funding to boost the company’s readiness to help the unbanked citizens.

Aella Chief Executive Officer, Akin Jones had this to say, “Lack of access to credit and financial services have been the main impediment to Micro, Small and Medium Enterprises growth and poverty reduction in several emerging economies.

Aella’s commitment to providing trustworthy credit to millions of people in the world’s emerging markets is improving financial inclusion, enabling MSME expansion and accelerating economic growth and this raise will allow us to scale our expansion across Africa quickly.”

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David Folami is from Nigeria, Ogun State to be precise. He is a tech lover and an upcoming musician. He works as a content writer for JBKlutse where he covers technology and lifestyle news. He adores a productive time online.

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