The funding round attracted global heavyweights, including a $150 million investment from Nu Holdings Ltd., Latin America’s largest financial institution.
Baobab Network’s backing reflects confidence in CreditChek’s ability to replicate the success of solutions like Nova Credit, which has tackled similar challenges for immigrants in the U.S.
Remittances from the Zimbabwean diaspora reached $1.9 billion between January and September 2024, a 16.5% increase compared to the same period in 2023.
Baobab Network’s backing reflects confidence in CreditChek’s ability to replicate the success of solutions like Nova Credit, which has tackled similar challenges for immigrants in the U.S.
