# @bytecastdaily on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DdHxppKoHRv
- **Gondola URL:** https://gondola.cc/posts/70439236-bytecastdaily-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/a92e83de79.jpg
- **Posted:** 2026-09-10T21:13:44.000+00:00
- **Account Owner:** Bytecast Daily (@bytecastdaily) — https://gondola.cc/bytecastdaily

## Caption

Nigerian credit infrastructure fintech CreditChek has acquired Uganda-based core banking software provider Algosys, marking its first strategic entry into East Africa. 
Algosys currently powers core software for 22 financial institutions across Uganda including SACCOs and microfinance lenders and has processed over 10,000 loans. Rather than building an East African footprint from scratch, CreditChek is merging its credit risk scoring engine directly into Algosys’s software stack. 
The move allows micro-lenders and credit unions to manage the entire lending lifecycle from identity check to loan disbursement on one platform. It signals a maturing M&A environment where African startups buy regional software peers to lock in distribution. 
Source: Techpoint Africa

#creditchek #fintech #eastafrica #ugandatech #ma

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## Tags

ma, creditchek, ugandatech, eastafrica, fintech

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