Evolve Credit, a loan and financial service intended to help Nigerians select the best-suited loan product has recieved a $25,000 investment from Nigeria-based Venture Capitalist firm, Microtraction.
Evolve Credit aims to eliminate the paperwork from the loan and financial product application process so that people can apply for a loan, open a savings account, or get car insurance without traveling to a physical branch.
Microtraction’s angel fund, on the other hand, aims to ease Africa’s move into a sustainable and developed economy. The fund helps African tech entrepreneurs looking to leverage technology, capital, and problem-solving, to access pre-seed funding.