Migo Money
Migo Money is a San Francisco-based company that provides an embedded lending platform, enabling businesses to offer credit services in Nigeria and Brazil, supported by machine learning for credit risk assessment.
Funding and Expansion
Migo Money raised $20 million in Series B funding to expand its digital credit services in Nigeria and Brazil. This funding round supports the company's efforts to broaden its market reach and enhance its service offerings in these regions.
Embedded Lending Platform
Migo Money operates an embedded lending platform that enables companies to extend credit to consumers and small businesses. The platform leverages proprietary machine learning algorithms for accurate credit risk assessment, facilitating seamless and effective lending solutions.
Buy Now, Pay Later Service
Migo Money offers 'Buy Now, Pay Later' services for merchants, which helps increase sales and customer satisfaction. This service allows merchants to offer flexible payment options, making it easier for customers to make purchases and for businesses to grow.
Operations and Reach
Headquartered in San Francisco, Migo Money operates in Nigeria and Brazil. The company provides credit services across multiple channels, including mobile apps, websites, and USSD, thereby ensuring wide accessibility for consumers and businesses alike.
API Integration for Financial Services
Migo Money offers a simple API that enables banks, merchants, fintechs, and telcos to integrate credit services effortlessly. This API supports digital transformation initiatives by providing cloud-based infrastructure for retail credit and helping telcos turn data into valuable financial services.
