Regxta is a digital credit platform that uses alternative data and Artificial Intelligence to help financially excluded individuals and micro-businesses in Africa access financial services, restructure, and gather reliable insights on their businesses to make informed decisions.
Their solution addresses the major challenges of financial exclusion in Africa by providing access to financial and social services, access to business support and advisory and creating data in the informal sector.
The company’s mobile app is powered by advanced data science and artificial intelligence that instantly processes and disburses loans to people who have no borrowing history. Also, users can open an account, save their money and generate financial records, through Regxta’s trained community agents.
How Regxta Started
Regxta was established after its founder, Rukayat Bello’s mother lost a year’s worth of savings stored in a traditional wooden piggy bank, or kolo. Despite her years of industriousness, formal banks rejected her pleas for a modest restart loan, citing a lack of credit history or demanding impossible social guarantees. This systemic exclusion, which forced a successful entrepreneur to wash clothes to keep her children in school, became the fuel for a revolutionary vision.
Driven by the memory of her mother’s struggle, Bello made a radical choice: she cancelled her own wedding plans and channelled her savings into a microfinance experiment. Regxta eventually launched in 2021 as an independent digital financial service in 2021, and an idea inspired by one woman’s heartbreak has evolved into a formidable fintech.
Regxta is a sophisticated digital credit platform that leverages Artificial Intelligence and alternative data to bridge the gap for Africa’s informal sector. By utilising advanced data science, Regxta can instantly underwrite and disburse loans to individuals who lack a traditional borrowing history. The platform doesn’t just offer credit; it provides a comprehensive digital ecosystem where micro-businesses can open accounts, generate financial records, and gather the reliable insights necessary to make informed, long-term business decisions.
The impact of this technology is felt most deeply through Regxta’s unique “human-plus-tech” approach. Recognising that digital literacy is a hurdle, the company operates through a network of over 200 trained community agents who act as the bridge between high-tech algorithms and the street-level economy. These agents facilitate account openings and savings for users who may only have access to basic feature phones. This hybrid model has allowed Regxta to penetrate over 100 communities across eight Nigerian states, successfully disbursing over ₦2 billion in loans to date.
How Regxta is Powering Nigeria’s Informal Sector
Regxta is also making a difference in Nigeria’s informal sector, offering asset financing for essential equipment like freezers and partnering with suppliers for bulk goods like rice. By allowing customers to pay in instalments for both business assets and essential services—including children’s school fees—Regxta provides the cash-flow flexibility that the informal economy desperately needs.
It is a strategic move to replace unreliable informal infrastructure, such as predatory loan sharks and fragile rotating savings groups, with a dignified, institutionalised alternative.
The success of the platform is grounded in Bello’s belief that financial inclusion rests on four essential pillars: payments, account opening, lending, and financial literacy. While Regxta has already mastered the latter three, the upcoming “Version 2.0” of the platform aims to integrate personal banking and payment services for the growing segment of their 25,000 customers who now utilise smartphones. This evolution ensures that as their users grow in financial stature, the platform’s capabilities grow alongside them, preventing any future lapse into exclusion.
Regxta’s Expansion Goals and Future Outlook
Regxta’s trajectory is now aimed at the horizon of continental leadership. With nearly $1 million raised and a $2 million pre-seed round currently underway, the company is preparing to open its own two-story headquarters in 2026 and is actively pursuing a Microfinance Bank license. The goal is no longer just to survive, but to dominate. Bello envisions Regxta as a “unicorn” within five years—a billion-dollar company that serves as the primary gateway for fintech services targeting the bottom of the economic pyramid across the entire African continent.
Regxta’s success is proof that the most powerful financial tools are those built with empathy and local context. Rukayat Bello has done more than just provide loans; she has given her mother, and thousands like her, a seat at the global economic table. It was an audacious gamble to trade a wedding for a startup, but in doing so, Bello created a legacy that is securing the financial futures of families across Africa, one small loan at a time.
