Pezesha, a Nairobi, Kenya-based fintech startup that provides a digital lending infrastructure for Small & Medium Businesses (SMBs) and institutions in Africa, raised $11m in pre-Series A equity-debt funding.
The round was led by Women’s World Banking Capital Partners II with participation from Verdant Frontiers Fintech Fund, cFund and Input Output Global (IOG). The deal also included a $5m debt financing provided by Talanton and Verdant Capital Specialist Funds.
The company intends to use the funds to expand operations and its business reach.
Founded in 2017 by Hilda Moraa, Pezesha is a peer to business lending marketplace, which leverages credit data analytics to ensure guaranteed returns, and further creating a distribution platform for micro and small businesses.
So far, the company has embedded 30 partners, registered over 200k SMEs, and enabled the disbursment of 100k loans.
FinSMEs
31/08/2022