Oystr Finance
What it does
Oystr Finance was founded in 2021 by Ifedolapo Lawal to provide alternative credit assessment infrastructure and open data APIs for African lenders. The platform allows financial institutions to evaluate unbanked borrower risk by aggregating alternative data points like telco usage and utility payments. It is recognized for expanding democratic credit access across Africa.
Alternative credit dataCredit scoring & underwritingFinancial data / account aggregation
Known for
- Alternative credit scoring infrastructure
- Data APIs for non-bank lenders
- Unbanked borrower risk evaluation
- Automated credit verification tools
Model & industry
Data-as-a-ServiceAPI-as-a-ProductBanking & Financial Services
Funding history
$120K
Total raised
1
Rounds
Accelerator
Latest stage
2023
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2023-01 | Accelerator | $120K | ARM Lagos Techstars |
Source: Condia Funding Tracker