Kenyan fintech Pezesha raises $11M backed by Women's World Banking, Cardano parent IOG

Published on: Monday 29 August 2022

This is the gap that Kenya’s embedded finance fintech Pezesha seeks to bridge as it expands into Nigeria, Rwanda and Francophone Africa following an $11 million pre-Series A equity-debt round led by Women’s World Banking Capital Partners II with participation from Verdant Frontiers Fintech Fund, cFund and Cardano blockchain builder Input Output Global (IOG). The fintech’s new growth strategy follows its plan to power its embedded finance offering beyond its current markets, including Uganda and Ghana, to bridge the financing gap affecting millions of micro, small medium-sized enterprises (MSMEs) across these markets. Founded in 2017 by Hilda Moraa, Pezesha has built a scalable digital lending infrastructure that allows both traditional and non-traditional finance institutions to offer working capital to MSMEs.

News source: https://finance.yahoo.com/news/kenyan-fintech-pezesha-raises-11m-070009393.html

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Kenyan fintech Pezesha raises $11M backed by Women's World Banking, Cardano parent IOG