February 3

South African Digital Lender Lulalend to Launch Banking Product Off the Back of $35 Million Series B

In most African countries, access to credit remains limited for many small businesses, with the reasons ranging from the inability to pay collateral and lack of credit history to unfavorable lending criteria and high-interest rates.

Banks and governments have tried to address this gap across different African markets by implementing several loan initiatives, but there’s still enormous work to move the needle.


Source: TechCrunch (link opens in a new window)

Finance, Technology
credit scoring, digital finance, lending, mobile finance