Credable, the Dubai-headquartered fintech whose software powers lending and savings products across Africa, is rebranding to _able after facilitating more than $650 million in loans as it expands beyond digital credit.
The company, which works with partners including M-PESA, Airtel, Access Bank and Diamond Trust Bank (DTB), says the new name reflects its evolution from a digital credit provider into a broader financial technology company that supplies the software, risk management and portfolio systems behind lending, savings and other financial products.
The move reflects a growing market for companies that provide the technology powering digital finance services. As banks and telecom operators push deeper into lending and savings products, they are turning to specialised providers such as _able for the technology, underwriting and portfolio management systems needed to run those businesses.
“Over time, it became clear that our role was no longer simply about determining who is credible,” Nadeem Juma, co-founder and chief executive of _able said in a statement. “It was about building the infrastructure that enables financial access at scale.”
The opportunity is significant. Small and medium-sized businesses in Sub-Saharan Africa face an estimated $100 billion financing gap, creating demand for companies that help financial institutions assess borrowers, manage risk and distribute credit more efficiently.
