CARMA, a tech-startup filling the credit-data gap in sub-Saharan Africa, has announced an early-stage funding round led by venture capital firm Microtraction. The financing will be used to expand CARMA’s operations across the continent and launch its headquarters in Lagos, Nigeria.

The establishment of the Lagos office, led by Ted Martynov, co-founder, and CEO, comes as the company looks to foster seamless customer support and account management by providing a fully decentralised pro...