August 21

Zanifu Raises $11.2 Million to Scale Its Inventory Financing Offering in Kenya

Zanifu, a Kenyan fintech providing inventory financing to micro, small and medium-sized businesses, has raised $11.2 million debt-equity funding in a pre-Series A round led by Beyond Capital Ventures and Variant Investments. Founders Factory Africa, AAIC Investment, Google Black Founders Fund, and existing investor Launch Africa also participated in the round. This brings total debt-equity funding raised by the startup to $12.7 million.

Photo courtesy of Free-Photos.

Source: Tech Crunch (link opens in a new window)

Finance, Technology
distribution, financial inclusion, fintech, lending, MSMEs, scale, startups