Dubai-based fintech Credable has rebranded to _able, reflecting its shift from a digital credit provider to a broader financial infrastructure company serving banks, telecom operators and fintechs across Africa.

The company said the new identity comes after it facilitated more than $650 million in loans and expanded its services beyond credit into savings and portfolio management tools.

The move highlights a growing trend in Africa’s fintech industry, where financial institutions are increasingly relying on specialist technology firms to build and manage lending and savings products.

_able works with partners including M-PESA, Airtel, Access Bank and Diamond Trust Bank (DTB), providing the systems that help these institutions assess borrowers, manage risk and distribute financial products.

Chief Executive Officer and co-founder Nadeem Juma said the company’s role has evolved over time as demand for digital financial services has increased across the continent.

“Our role is no longer simply about determining who is credible,” Juma said in a statement. “We are building the infrastructure that helps expand access to financial services at scale.”

Growing demand for financial infrastructure

As banks and mobile money operators deepen their presence in digital finance, they are increasingly turning to technology providers to support lending and savings products.

The opportunity remains significant. Small and medium-sized businesses across Sub-Saharan Africa face an estimated $100 billion financing gap, creating demand for better credit assessment and risk management tools.

Unlike traditional lenders, _able does not primarily lend from its own balance sheet. Instead, it connects capital providers with distribution partners through its technology platform.

Banks, development finance institutions and investment funds provide funding, while telecom operators, fintechs and financial institutions use the platform to reach customers.

Expansion across African markets

The company said its technology currently reaches more than 40 million customers in Kenya, Tanzania, Uganda, Mozambique and Zambia.

While digital credit remains a core business, _able has expanded its lending and savings infrastructure to help more institutions launch products without building their own risk and portfolio systems.

Despite facilitating more than $650 million in loans, the company has raised about $2.7 million in disclosed funding from investors including Ventures Platform, Launch Africa, Plug and Play, MAGIC Fund and AAIC Investment.

Founded in 2021 by Nadeem Juma, former private equity executive Jad Abbas and technology executive Michael Tarimo, _able is headquartered in Dubai, with operations in Nairobi, Dar es Salaam and Pune, India.

“Our mission remains unchanged,” Juma said. “We believe credit is one of the most powerful tools for economic empowerment, and we want to help expand access to credit and savings for millions more people.”