Oze, a Ghanaian fintech startup supporting small businesses, has secured funding from Visa and German development finance institution DEG, it announced today February 24.

With this funding, Oze will expand its Lending Management System (LMS), enabling banks, microfinance institutions, and fintechs to offer no-collateral digital loans using its machine-learning credit risk algorithm.

Oze enables banks to automate lending while providing MSMEs with tools to track finances and customers. It analyzes this data to offer insights, training, and funding.