Fig Finance is a fintech startup founded in 2022, offering a solution aimed at revolutionizing B2B credit. The company's slogan, “The missing piece in B2B credit,” encapsulates its mission to address the gaps in credit solutions for B2B platforms and small-business customers. As of 06 February 2024, the company received a Seed Round investment from Emurgo Africa, demonstrating early investor confidence in its potential.
Notably, VC backed, Fig Finance has garnered support from leading US, European, and emerging market VCs, as well as corporate venture arms of banks. This backing speaks to the credibility and potential of the company within the financial services and fintech industries, where innovation and disruption are highly valued.
Fig Finance's product offering centers around providing technology for banks to lend to small-business customers of B2B platforms. Simultaneously, B2B platforms can leverage Fig’s tech to expand their lending businesses with minimal integration effort, positioning the company as an enabler of growth and efficiency within the B2B credit landscape.
The Fig team adds significant value to the company's proposition, with a track record of multiple exits from companies worth hundreds of millions. Moreover, their experience in leading emerging market banks provides them with insights and expertise essential for tackling the complexities of the financial services industry.
In sum, Fig Finance's recent Seed Round investment from Emurgo Africa further bolsters its position as an innovative player in the financial services and fintech sectors, with a strong foundation of backing from prominent VCs and a team with notable expertise and success in the industry.
