For many small business owners in Africa, seeking capital feels like navigating a locked system without a key; filled with gatekeepers, jargon, and impossible thresholds. But that’s the very problem Afrity set out to solve. Now, the company has secured $4.2 million in funding to expand its reach and deepen its commitment to transforming how African SMEs access investment opportunities.
The funding round drew participation from a coalition of venture capital firms, private equity partners, and strategic investors focused on closing Africa’s enterprise finance gap. Their backing signals strong confidence in the company’s long-term mission: to build practical, context-aware financial systems that enable businesses to grow without being burdened by traditional debt structures.
The new capital will be used to scale the company’s investment readiness tools, improve its credit-alternative profiling engine, and expand into new markets across West Africa. This includes developing more robust features around equity matching, financial structuring, and long-term capital guidance for business owners still finding their footing.
Founded by Olabomi Adigun, Afrity has become known for its quiet but intentional approach to enterprise finance, serving as a translator between SMEs and capital providers. Rather than position itself as just another digital finance product, the company has focused on building infrastructure: tools that help businesses understand what kind of funding they need, how to get it, and what to do with it once they have it.
“This funding is not just about growth for us, it’s about extending clarity and structure to the people who need it most,” said Olabomi Adigun. “Small businesses in Africa have too often been left to figure out finance alone. We’re building systems that help them make better decisions, access capital on their terms, and grow with confidence.”
The fresh funding comes at a critical time in the African startup ecosystem, where an increasing number of early-stage businesses are seeking alternatives to predatory loan schemes and rigid investment models. The company’s approach, which blends human insight with data-backed financial planning, is seen as a necessary shift in a space long dominated by one-size-fits-all solutions.
With expansion plans already underway, the company is preparing to launch new partnerships with institutional funders, enterprise hubs, and regional accelerators. In the coming months, the company also intends to roll out programs focused on financial literacy, investor-readiness assessments, and localized support for female-led businesses and micro-entrepreneurs.
While many fintech platforms chase scale through rapid growth, the company is charting a different path, one that prioritizes clarity, education, and measurable outcomes. The $4.2 million injection will accelerate that path, but the company’s vision remains consistent: to ensure that African businesses, no matter how small, are not excluded from opportunities to grow with confidence.
As investor interest in Africa’s enterprise sector continues to rise, the company stands out not just for what it offers, but for how it thinks. Its funding success is more than a business milestone, it’s a signal that smart, structured finance for SMEs is no longer optional. It’s the new standard.
