Pezesha announces USD 11 million Pre-series A

Pezesha’s Pre-series A has been split between USD 6 million in equity and USD 5 million in debt. Verdant Capital’s participation is as a debt investor. Pezesha offers a Business-to-Business “B2B” digital lending infrastructure serving financially excluded MSMEs in Sub-Saharan Africa by offering them affordable working capital loans with the aim of bridging the MSME credit gap that still exists and is estimated to be approx.USD 320 billion. In the last 2 years, Pezesha has disbursed more than 100,000 loans to MSMEs in Kenya, Uganda, and Ghana. MSMEs are the backbone of livelihoods and economic growth in almost every country. […]

Nomanini has secured bridging funding

Nomanini, a pioneering integrated digital fintech on a mission to improve the businesses of informal convenience retailers in Africa using innovative digital financial services, has secured bridging funding from its existing shareholders, of an aggregate amount of USD 2.2 million, including disbursed bridge investment, prepayment, and capital commitment.  The bridging capital will be used for production capacity expansion and new product development.  Verdant Capital is currently raising a USD 5 million Series A extension for Nomanini, the external portion of which is likely to be reduced commensurately with this bridge.    The Company recently launched its StockNow product in Tanzania with […]

Bridge Taxi Finance to roll out free Wi-Fi to the taxi industry

Bridge Taxi Finance, a leading provider of affordable credit facilities to South African entrepreneurs in the minibus taxi industry is partnering with Old Mutual Limited, a pan-African investment, savings, insurance, and banking group, to provide Wi-Fi to the South African population that uses minibus taxis as a mode of transport. The partnership will enable Old Mutual to market its financial services products to the lower end of the market. This strategic partnership between Bridge Taxi Finance and Old Mutual will deliver value creation across the businesses, while also providing financial inclusion by delivering a full suite of financial services in […]