Transaction

CreditChek acquires Algosys' operations in Uganda

Announced

9 September 2026

Target

Algosys Limited

Value

Undisclosed

Asset class

Venture Capital

Type

Merger/Acquisition(M&A)

Instrument

Ordinary Shares (Equity)

Lead investors

CreditChek Technologies Nigeria Limited

Investors

CreditChek Technologies Nigeria Limited

Sector

Financial services / Core Banking SaaS Platforms

Markets

Uganda, Nigeria, Kenya

About the target

Algosys Limited is a Uganda-based financial technology company specialising in core banking and lending management software. Established in 2024 and headquartered in Kampala, Uganda, the company provides cloud-native infrastructure, including a loan origination engine, portfolio analysis, automated reconciliation, multi-currency ledgers, regulatory reporting and AI-assisted credit underwriting, to lenders, microfinance institutions and savings and credit cooperatives (SACCOs).