The investment will enable Mathesis Analytics to scale its proprietary credit decisioning platform, which helps banks, fintech companies and other financial institutions assess the creditworthiness of individuals with little or no formal credit history by analysing alternative behavioural and transactional data.
The development comes as financial institutions increasingly adopt AI-driven technologies to improve lending decisions, reduce default risks and expand financial inclusion across Africa.
Founder and Chief Executive Officer of Mathesis Analytics, Winston Osuchukwu, said the investment validates the company's long-term vision of transforming Africa's credit ecosystem through technology and collaboration.
"True financial inclusion cannot be achieved in a vacuum; it requires structural collaboration in which lenders and fintech companies work as partners within the ecosystem.
"This investment from First Ally Capital validates our approach to reshaping credit infrastructure. By quantifying 'Personal Equity', we empower lenders to safely look beyond the constraints of formal credit histories and recognise a borrower's true creditworthiness. This capital enables us to accelerate our pan-African expansion while maintaining the robust, institutional-grade infrastructure our partners rely on," Osuchukwu said.
A key feature of Mathesis' technology is its Personal Equity model, which aggregates an individual's financial behaviour across multiple institutions—including fintech platforms, microfinance banks, digital wallets and Buy Now, Pay Later (BNPL) providers—to generate a more comprehensive assessment of creditworthiness.
According to the company, the approach addresses one of Nigeria's biggest financial inclusion challenges: fragmented financial data that often prevents responsible borrowers from accessing credit despite maintaining positive repayment records across different platforms.
The investment also reinforces growing investor confidence in technology companies building infrastructure to support Africa's rapidly expanding digital financial services sector.
Commenting on the investment, the Managing Director and Chief Executive Officer of First Ally Capital, Ebenezer Olufowose, said the transaction aligns with the firm's strategy of backing innovative businesses capable of transforming critical sectors of the economy.
"At First Ally Capital, we pride ourselves on being a one-stop destination for financial solutions, offering a diverse portfolio of services ranging from investment banking and asset management to trusteeship, inclusive banking and real estate.
"Our investment in Mathesis Analytics reflects our strong belief in the company's vision and our commitment to supporting forward-thinking enterprises that deliver excellence," Olufowose said.
Mathesis offers its technology through two deployment models. Financial institutions can integrate its AI engine directly into existing lending platforms through application programming interfaces (APIs) or adopt its end-to-end lending infrastructure as a fully managed solution.
The company disclosed that its technology has already supported more than 8 million loan transactions for over 2 million unique borrowers in Nigeria, positioning it among the country's emerging providers of AI-powered lending infrastructure.
With fresh capital from First Ally Capital, Mathesis plans to deepen its presence in Nigeria while expanding into other African markets as demand grows for data-driven credit assessment tools capable of widening access to finance without compromising risk management.
The investment reflects the increasing role of artificial intelligence in reshaping Africa's financial services industry, where digital lending, alternative credit scoring and embedded finance continue to gain traction as drivers of financial inclusion and economic growth.