Nigerian debt recovery startup, Bfree secures $2.95 million in fresh funding 

Tech-enabled debt collection startup, Bfree has raised $2.95 million in new funding to enhance its risk management solutions tailored to banks and lenders. 

The round was led by Capria Ventures with participation from Angaza Capital, GreenHouse Capital, Launch Africa, Modus Africa, Axian CVC, and angel investors. The company had completed its Pre-Series A round of $2.5 million in 2022. 

Bfree was cofounded in 2020 by Julian Flosbach, Chukwudi Enyi, and Moses Nmor to revolutionize the credit collection landscape in emerging markets across Africa.