Credable

What they do:

Credable is a pioneering digital banking platform dedicated to enhancing financial inclusion for businesses, with a particular focus on serving the underbanked population. The platform seamlessly connects businesses with financial institutions, facilitating access to essential products and services. Leveraging advanced scoring capabilities, Credable processes both structured and unstructured data in real-time, enabling dynamic credit risk pricing.

Why we invested:

While traditional banks and alternative credit companies operate in East Africa, few companies can accurately create risk models. By partnering with leading mobile operators, neo-banks, fintechs, and traditional banks, Credable empowers the underbanked by delivering tailored financial solutions directly through channels they already utilize.

The Founder:

Nadeem Juma, CEO of Credable Group, Chairman of AIM Group, Dar-es-salaam International Academy, Inalipa, ID Tech Holdings, and Partner at Pontem Ventures, leads a dynamic portfolio of first-generation businesses, founded by siblings and close family friends. While often labeled a ‘serial entrepreneur,’ Nadeem's true forte lies in uncovering industry whitespace that marries profitability with societal impact. Fearlessly tackling the 'hard things,' he thrives on transforming hypothetical opportunities into thriving industries, inspiring emergent leaders along the way. A self-proclaimed “Startup Veteran,” Nadeem effortlessly navigates between large enterprises, policymakers, regulators, small businesses, and real consumers, driven by a relentless pursuit of tangible, world-changing outcomes. Currently, his focus remains the driving force behind the innovative vision of Credable Group.

Active in:

Tanzania