• FOUNDING YEAR: 2014
    LOCATION:
    Kenya
    REGION:
    Last Update:
    22 Oct, 2019
    Global presence:
    Tanzania, United Republic of, South Africa

Description

FOCUS

PRODUCTS & SERVICES:
Online Loans
MAIN CLIENTS:
ceniarth, Deutsche Bank, Three Ridge Capital

PEOPLE

FOUNDERS:
Arjun Batra, Dylan Fried
Board Members and Advisors:
Ameya Upadhyay
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
FMO, kavisafi ventures, Omidyar Network, Fenway Summer Ventures, Larry Rosenberger
KEY EMPLOYEES:
Daniel Goldfarb

TRACTION

COMMENT:
Lender market is experiencing high growth and is expected to reach US$15 billion by 2020.

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$9.33 Millions
DATE OF LAST FUNDING:
Jan 2018
TOTAL FUNDING COMMENT:
The company will use the funds to support small businesses as well as youth entrepreneurs by financing local financial intermediaries and other institutions that contribute to development. (Aug. 2018)
SEED & PRIOR FUNDING:
$2.83 Millions
SEED CLOSED ON:
Oct 2015
FUNDING SERIES:
SERIES A
$6.5 Millions Closed: Oct 2017
PRIZE MONEY:
$450 K
LISTED:
NO
COMMENT:
Debt financing: $1.5 M(Oct 2017)

LATEST RESEARCH