Oradian, a Zagreb, Croatia-based provider of digital solutions for financial institutions in frontier markets, received an investment from Goodwell Investments.
The amount of the deal was not disclosed. The investment will be made from Goodwell’s UMUNTHU fund, which participates in the inclusive economy through the provision of risk capital and hands-on support to local entrepreneurs and institutions in Sub-Saharan Africa.
The company intends to use the funds to grow its business across Africa and strengthen its commercial teams.
Oradian provides microfinance institutions (MFIs) with Instafin, a cloud-based core banking platform to reach more clients in some of the most remote, hard-to-reach communities. Since signing its first customer in northern Nigeria in 2013, the company has expanded to more than fifty financial institutions in seven countries serving one million end-clients.
14/02/2018: Oradian Raises £100K in Funding