Nigeria’s KiaKia launches alternative credit-scoring bot


Nigerian fintech startup KiaKia has launched Mr K, an artificial intelligence (AI) and machine learning-powered alternative credit-scoring customer service and lending bot.

Disrupt Africa first reported in May on KiaKia, which makes direct and peer-to-peer consumer and SME loans accessible and obtainable for underbanked and unbanked Nigerians through its online proprietary credit scoring and risk assessment algorithm.

Launched to the public late last year, the startup aggregates digital data and utilises machine learning, digital image forensics and psychometry to perform credit scoring and risk assessment services, to qualify and grant consumer and SME borrowers loans.

It has now launched Mr K, aimed at driving down interest rates for unsecured loans.

“With the launching of Mr K, we usher in a new era of alternative credit-scoring and risk assessment, customer service, direct and peer to peer lending, powered by data analytics, machine learning and artificial intelligence, all on a single platform and through a very friendly interface and end to end user experience,” said Olajide Abiola, KiaKia co-founder and chief executive officer (CEO).

“We are delighted that a year of patient, meticulous and diligent research and development has culminated in the birth of an efficient model of alternative credit-scoring and lending.”


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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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