September 29, 2021Africa
Pezesha Scales Up its Lending Infrastructure in Kenya, Ghana, and Nigeria
Pezesha, a Pan-African fintech company building scalable lending infrastructure for small and medium-sized enterprises(SMEs) and institutions, has announced the close of a seven-figure growth funding round led by GreenHouse Capital (GHC).
The fintech has also received on-lending liquidity support from the Greenhouse Capital subsidiary Venture Garden Group (VGG).The fresh funding will enable the fintech to expand its lending strength to SMEs across Africa.
This fintech received a nod from Capital Markets Authority (CMA) in 2020, which saw Pezesha become the first local firm to successfully exit the CMA sandbox with a letter of no objection to operate in Kenya. This fintech is solving working capital and trade finance access problems that affect SMEs in Africa by enabling non-traditional finance institutions to offer working capital to SMEs using its lending infrastructure.
