Wednesday
June 29
2022

African Fintech Startup Yellow Raises $20 Million in Debt Financing

By Ivor Price

These are the words of Chimwewe Banda, a Malawian customer of Yellow, a proudly African fintech start-up with its head office in Cape Town, South Africa.

Yellow builds cutting edge software to enable its sales force to serve customers in Africa, explains Ben Walwyn, Yellow’s CTO and architect of Ofeefee, the company’s end-to-end platform. He says, “The products that make life better for every day African households exist but getting them to people and providing affordable financing is what’s needed.”

Yellow’s asset-backed finance offering has delivered revenue growth of 350% per annum.

Photo courtesy of Russell Watkins/DFID.

Source: VentureBurn (link opens in a new window)

Categories
Energy, Finance
Tags
blockchain, clean energy, debt, energy access, financial inclusion, fintech, Off Grid Energy, startups