In a bid to further drive financial inclusion for West Africa’s low-income earners, Nigerian fintech start-up, Aella has secured a $10m debt financing round from Singapore based private company, HQ Financial Group (HQF).
This debt financing round is Aella’s second raise and will help increase its commitment to serve the underbanked population of Nigeria as well as other emerging markets.
Founded in 2015 by Akin Jones and Akanbi Wale in Lagos, Nigeria, the company according to reports has impacted the lives of more than 300k borrowers across its Employer Backed and Direct to Consumer Verticals who have been able to access its simple financial products.
The company provides an array of financial services such as savings, insurance, payment and specialized loans.
