Periculum

What they do:

Periculum builds data analytics software that empowers their B2B African customers to integrate their data, decisions, and operations effectively. Periculum’s software solutions help their customers with credit assessment, machine Learning (“ML”) modeling, fraud risk, churn risk, personal finance management, and more.

Why we invested:

Africa boasts the world's youngest population, with 70% of sub-Saharan Africa population being under the age of 30. This young population is increasingly demanding quality, professional business services, improved access to loans, and more effective means to monitor their health and expenditures. Recognizing and harnessing the transformative power of data in meeting these emerging needs presents an unprecedented opportunity for innovation and progress in the African market. Periculum is at the forefront of this.

The Founder:

Michael Tope Collins is the founder and CEO of Periculum. Michael is an accomplished entrepreneur with a diverse skill set acquired from qualifications at Thompson River University and the Northern Alberta Institute of Technology. Michael also has extensive banking and financial services experience from major Canadian financial institutions.

He’s held previous roles including as Chief Lending Officer at Great North Capital and Financial Services Representative at BMO Financial Group.

Active in:

Nigeria, Kenya