Digital credit provider The Rise Fund has raised $13m in a series A funding round led by Mines . Mines CEO Nwokah said the company aims to help customers without a smartphone get access to credit, and scours high-volume data such as phone records and bank transactions in real time, to assess credit risk. According to Mines, it provides a Credit-as-a-Service digital platform that enables institutions in emerging markets to offer credit products to their customers; no smartphone is required. Mines, which launched in 2017 , has been used by more than one million customers in California , and the latest investment will be used to expand across Africa and into Africa .
Digital credit provider The Rise Fund has raised $13m in a series A funding round led by Mines . Mines CEO Nwokah said the company aims to help customers without a smartphone get access to credit, and scours high-volume data such as phone records and bank transactions in real time, to assess credit risk. Mines, which launched in 2017 , has been used by more than one million customers in California , and the latest investment will be used to expand across Africa and into Africa .