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 7 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
Not available
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Net Profit
Not available
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EBITDA
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Total Equity Funding
$7.45 M (USD)
in 7 rounds
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Latest Funding Round
Not available
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Investors
AXIAN
& 12 more
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Employee Count
Not available
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Funding Insights of BFREE
BFREE has successfully raised a total of $7.45M across 7 strategic funding rounds. 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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in applied generative AI
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Investments in tech startups and acceleration of entrepreneurs are provided.
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Investor details for BFREE
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Investments & Acquisitions by BFREE
Investment portfolio details for BFREE
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Financial Statements - BFREE
Detailed financials for BFREE
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Bfree Comparisons
Peer comparison for BFREE
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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AI-powered benchmarking for corporate transaction terms is offered.
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Aktos is recognized as an AI-powered debt collection platform.
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Provider of cloud-based debt collection and recovery solutions
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AI-powered cash flow-based credit decisioning is provided using behavioral analytics.
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External data is connected and optimised for debt management services.
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Detailed competitors of BFREE
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Latest news on Bfree
Complete news archive for BFREE
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Frequently Asked Questions about BFREE
BFREE was founded in 2020 and raised its 1st funding round 1 year after it was founded.
BFREE is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Julian Flosbach is the current CEO of BFREE. They have also founded this company.
BFREE is a funded company, having raised a total of $7.45M across 7 funding rounds to date.
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.
BFREE has 13 investors. Key investors include AXIAN, Capria, Angaza Investment Management, GreenHouse Capital, and Launch Africa.