Founder and Chief Executive Officer of Mathesis Analytics, Winston Osuchukwu, speaks with FELIX OLOYEDE on how AI-powered credit infrastructure and stronger collaboration between fintechs and banks can expand access to credit in Nigeria
What inspired the establishment of Mathesis?
The inspiration for the company was very simple. It was clear that people were unable to access credit where and when they needed it. I just figured that using freely available technology, we would be able to solve that problem and help everybody, help the banks lend more, help consumers access credit, and, importantly, help traders and merchants sell more to their customers.
With the economy still recovering, how would you assess the current business environment, particularly the challenges and opportunities surrounding access to credit and business expansion?
The business environment, really, if you want to look at our business, in truth, the only issue we have is the cost of things that we do not produce locally. So, in terms of everything local, we are fine. When it comes to how the economy affects clients? Well, you can see that borrowers are in some distress. So, there is usually a perceptible uptick in defaults from the borrowers that we help get loans.
