Mines, the fintech startup re-inventing credit in emerging markets, also plans to use part of the investment for talent acquisition. Nigerian fintech startup, Mines, has closed a Series A round of $13 million to continue growth in Africa, expand to South America and South-East Asia.The Series A funding round was led by The Rise Fund, a global fund managed by TPG Growth.TPG Growth said it is excited to partner with Mines to drive financial access across the world.Mines, the fintech startup re-inventing credit in emerging markets, also plans to use part of the investment for talent acquisition.Ekechi Nwokah, CEO at Mines, in a statement, said, “there are more than 3 billion adults globally without access to credit. Our vision is that every one of them will have instant access to credit in the next 10 years.”“We believe the best way to realize this vision is to partner with banks, retailers and mobile operators and power digital credit products tailored to their markets so they can create the customers of tomorrow, today.”ALSO READ: A report says fintechs are a potential long-term threat to the Nigerian banking industryAdia Sowho, VPC Commercial at Mines, said scaling a digital product in Africa requires a deep understanding of two things – distribution and partnerships.“In Nigeria, Mines has demonstrated that its platform is flexible enough to enable partners with consumer reach across the income pyramid, activate a wide swath of distribution channels, from rudimentary USSD to more advanced web-based ones. We look forward to building more partnerships in Nigeria and beyond.”The company provides a credit-as-a-service digital platform that enables institutions in emerging markets to offer credit products to their customers.Also from Business Insider Sub-Sahara Africa:I visited the 6 Google Stations in Lagos and here’s what I found out about the free Wi-FiHere are the 10 best African airlines6 Nigerians who hold leadership positions at top international organisationsNigerians are signing a petition against the high cost of internet subscriptionHere is the list of 60 houses reportedly traced to Nigeria’s Deputy Senate PresidentTwitter has started clamping down on fake followers, here’s what you will noticeYou will be surprised at the 19 people Nigeria’s Buhari follows on TwitterHere’s why Nigeria is not in a hurry to sign the continental free trade agreementThese 6 banks invested N155.
