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Message: [QUOTE="Munyaradzi Mafaro, post: 51053, member: 636"] Verdant Capital just pumped three million dollars into African debt collector Bfree through their Hybrid Fund. The cash injection helps Bfree snap up troubled loan bundles from struggling financial companies across the continent. Bfree specializes in chasing down money from borrowers who stopped paying their debts. The company uses digital methods and ethical practices when hunting down overdue payments. Technical assistance programs from the fund will boost Bfree operations even further. Bfree launched five years ago and became Africa's top player in the messy business of collecting bad debts. The firm tackles massive collections headaches that plague banks and lenders throughout retail and small business sectors. African markets struggle with distressed loan problems because nobody knows how to price these toxic assets properly. Court systems move like molasses and loan transfers create legal nightmares for everyone involved. Bfree cuts through the chaos with streamlined processes that actually work. The debt collection specialist handles portfolios worth over 740 million dollars and chases payments from 6.6 million borrowers. Bfree uses secret data formulas to predict which deadbeat customers might actually cough up their cash. The company buys worthless loan packages that banks planned to write off completely. Financial institutions get fresh capital and liquidity while dumping their problem loans on Bfree. Borrowers get second chances to rebuild their credit scores through manageable payment plans. [/QUOTE]

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