Aella Credit is a financial services technology startup that provides easy access to credit to the world's underbanked.
Aella Credit provides Instant loans to individuals in emerging markets who can prove a source of Income either through their employers or individually.
Aella Credit was founded in 2015 by Akin Jones and Wale Akanbi. The company is headquartered in Victoria Island, Lagos, Nigeria, with offices in San Francisco and Phillipines.
Aella’s main offering is lending. It provides quick loans directly to consumers and uses proprietary information and information from credit bureaus to gauge the creditworthiness of borrowers.
Aella Credit is backed by HQ Financial Group (HQF), YCombinator, 500 Startups, VY Capital, Zeno Ventures and others. The company raised $10M in a Debt financing on Feb 10, 2020. This brings Aella's total funding to $12M to date.