About BFREE
BFREE is a company based in Lagos (Nigeria) founded in 2020 by Moses Nmor, Chukwudi Enyi, and Julian Flosbach.. BFREE has raised $7.45 million across 6 funding rounds from investors including AXIAN, Capria and Angaza Investment Management. BFREE operates in a competitive market with competitors including Noetica, Aktos, Equabli, Finexos and Connected Data Company, among others.
- Headquarter Lagos, Nigeria
- Founders Moses Nmor, Chukwudi Enyi, Julian Flosbach
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.45 M (USD)
in 6 rounds
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Latest Funding Round
$250 K (USD), Debt – Conventional
Nov 25, 2025
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Investors
AXIAN
& 12 more
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Employee Count
Employee Count
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Funding Insights of BFREE
BFREE has successfully raised a total of $7.45M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $250 thousand completed in November 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $250,000
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First Round
First Round
(15 May 2021)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2025 | Amount | Debt – Conventional - BFREE | Valuation |
investors |
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| Jul, 2025 | Amount | Debt – Conventional - BFREE | Valuation |
investors |
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| Feb, 2024 | Amount | Seed - BFREE | Valuation | Axian , Capria |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BFREE
BFREE has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include AXIAN, Capria and Angaza Investment Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm investing in applied generative AI
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Investments in tech startups and acceleration of entrepreneurs are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BFREE
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BFREE
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bfree Comparisons
Competitors of BFREE
BFREE operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Noetica, Aktos, Equabli, Finexos and Connected Data Company, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-powered benchmarking for corporate transaction terms is offered.
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| domain | founded_year | HQ Location |
Aktos is recognized as an AI-powered debt collection platform.
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| domain | founded_year | HQ Location |
Provider of cloud-based debt collection and recovery solutions
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| domain | founded_year | HQ Location |
AI-powered cash flow-based credit decisioning is provided using behavioral analytics.
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| domain | founded_year | HQ Location |
External data is connected and optimised for debt management services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bfree
Frequently Asked Questions about BFREE
When was BFREE founded?
BFREE was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is BFREE located?
BFREE is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of BFREE?
Julian Flosbach is the current CEO of BFREE. They have also founded this company.
Is BFREE a funded company?
BFREE is a funded company, having raised a total of $7.45M across 6 funding rounds to date. The company's 1st funding round was a Seed of $2.95M, raised on May 15, 2021.
What does BFREE do?
Provider of credit management solutions for distressed assets and debt recovery. It offers a Software-as-a-Service (SaaS) workflow for internal collections teams and purchases distressed assets, primarily non-collateralized consumer loans. The company utilizes machine learning to analyze consumer behavior and tailors its collection strategies to individual customer needs. Progress reports are provided to clients, and fees are typically commission-based. The services aim to improve credit scoring processes and reduce non-performing loans for lending businesses.
Who are BFREE's investors?
BFREE has 13 investors. Key investors include AXIAN, Capria, Angaza Investment Management, GreenHouse Capital, and Launch Africa.
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