Pngme Raises $15M Series A for African Financial Data Infrastructure Platform

Pngme announced a $15 million Series A round on August 17, 2021, to scale its financial data infrastructure platform focused on African markets. The platform offers APIs and a mobile SDK that enable fintechs and financial institutions to access alternative financial data, powering credit scoring and other services for underbanked consumers. Pngme's machine learning layer processes this data to generate actionable insights for lenders and other financial service providers.

The funding will support geographic expansion across the African continent and further product development. By providing standardized data APIs, Pngme reduces the cost and complexity of building financial products for populations with limited traditional credit history. The round reflects a broader trend of BaaS-style infrastructure investments targeting emerging markets where mobile-first financial services are rapidly growing.