BFree

Based in Lagos, Nigeria, BFree is a tech-enabled credit recovery startup that utilizes generative artificial intelligence and ethical engagement strategies to manage debt collection and facilitate non-performing loan recovery for lenders. The company operates a business-to-business service model, earning commissions by recovering debts and acquiring non-performing loan portfolios from commercial banks, microfinance institutions, and fintech lenders across emerging markets. Operating across multiple African countries including Nigeria, Kenya, and Ghana, the platform currently serves a user base of over three million retail borrowers through automated customer communication workflows and flexible repayment plans. BFree has raised over $6 million in total funding to date, including a recent $2.95 million financing round backed by lead investors Capria Ventures, GreenHouse Capital, and Oikocredit. The enterprise was founded in 2020 by Julian Flosbach, Chukwudi Enyi, and Moses Nmor.