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. This funding package combined will contribute to the generation of additional employment and economic activities which have a direct positive impact on economic growth and poverty reduction in the markets the Pezesha operates.
Pezesha was established in 2017 by female founder and fintech entrepreneur Hilda Moraa. It is headquartered in Nairobi, Kenya, which is the leading market.
Verdant Capital Specialist Funds is the investment management arm of Verdant Capital. The principal investment focus is financial inclusion, including innovative operators who are empowering and uplifting MSMEs.