“Can a digital bookkeeping app for African SMEs become the credit infrastructure layer for banks and MFIs across the continent?”
Founded in 2018 as a digital bookkeeping app for African SMEs, Oze layered embedded lending on top of the financial data its users generated — converting transaction records into credit scores. The company evolved from a pure SME tool into a two-sided fintech platform: Oze Business App for SMEs and Oze Originate / Oze Embed for banks, MFIs, and B2B platforms that want to offer lending infrastructure. The 2025 backing from Visa and DEG signals a move toward becoming foundational infrastructure for SME credit access across Africa.
Oze was founded by Meghan McCormick and Dave Emnett and is founded in 2018, headquartered in Accra, Ghana.
Oze has raised $4.6M in total (latest round: Pre-Series A, 2022).
Get a read on where your own stack stands against Oze and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.