AfriCred
“Can a single API aggregate global student lenders and cross-border tuition rails to become the default financial layer for African students studying abroad?”
Founded2023
HQLagos, Nigeria
IndustryFintech / Lending
The story
Founded 2023 in Lagos as an international student loan provider for African students studying abroad. Evolved into a broader global-mobility fintech platform under the GlobCred brand — combining a lending marketplace (aggregating 61+ lenders via a single API), a cross-border payments product for tuition/living costs, and an AI counselling assistant. Positioned as Africa's largest student-mobility fintech, operating across five countries.
Last 12 months
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Product timeline
2023
AfriCred founded in Lagos, Nigeria as a fintech platform for African youth global mobility, offering international student loans and cross-border payments.· banking
2024
Expanded operations across Nigeria, Kenya, Ghana, South Africa, and UAE; disbursed over $6M in loans.· lending
2025
Launched GlobCred brand covering GlobCred Finance (lending marketplace with 61+ lenders), GlobCred Xpress (cross-border tuition payments), and Aveka AI (AI counselling).· pivot
The stack
2 layers disclosed in AfriCred’s embedded-finance stack
Payments / PSP
GlobCred Xpress (self-operated)
Lending
in the full report
Accounting gap: none
5 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.