Credable becomes _able following $650m in African lending activity

Credable has dropped its original name and now operates as _able. The change follows its role in facilitating more than $650 million in loans across Africa. Most of this flows through systems it provides to financial partners, not from direct lending. The shift is less about branding. It reflects how the business now works. What started as a digital credit product has moved into infrastructure. The company now builds software and systems used by banks, mobile money platforms, and fintechs. These tools support lending and savings products without requiring institutions to build their own tech stacks. In practice, _able now sits underneath lending products rather than acting as a lender itself. That infrastructure is already used by partners such as M-PESA, telecom operator Airtel, and banks including Access Bank and Diamond Trust Bank. These institutions use _able to assess borrowers, manage risk, and run loan portfolios at scale.

“We moved beyond credit scoring”

CEO Nadeem Juma says the company’s role changed as partners expanded their lending operations. “We weren’t just figuring out who to lend to anymore,” he said. “We were building the rails those products run on.” The model now splits into three parts. Capital comes from banks, funds, and development finance institutions. Distribution happens through telecoms and fintech platforms with large customer bases. _able sits in the middle. It provides underwriting models, risk tools, and portfolio systems.

Lean funding, large volumes

Despite the scale of activity, the company has raised about $2.7 million in disclosed equity funding. Investors include Ventures Platform, Launch Africa, Plug and Play, MAGIC Fund, and AAIC Investment. _able says its systems now reach more than 40 million users across Kenya, Tanzania, Uganda, Mozambique, and Zambia. Most of this comes through partners, not direct customers.

Built for institutions, not end users

Co-founders Jad Abbas and Michael Tarimo built the company around a simple reality. Most financial institutions prefer not to build lending infrastructure themselves. The company is now expanding beyond credit into savings and other financial products. More institutions want to outsource the systems behind their offerings. The direction hasn’t changed. But the company is increasingly operating behind the systems, not in front of customers.