Pezesha, a Nairobi, Kenya-based fintech startup that provides a digital lending infrastructure for Small & Medium Businesses (SMBs) and institutions in Africa, raised $11m in pre-Series A equity-debt funding.
The round was led by Women’s World Banking Capital Partners II with participation from Verdant Frontiers Fintech Fund, cFund and Input Output Global (IOG). Verdant Capital Specialist Funds and Talanton also provided $5m of debt financing.
The company plans to use the funds for expansion and to increase its business reach.
Founded in 2017 by Hilda Moraa, Pezesha is a peer to business lending marketplace, which leverages credit data analytics to ensure guaranteed returns, and further creating a distribution platform for micro and small businesses.
The company has now embedded 30 partners and registered more than 200k SME’s. It also enabled the disbursement 100k loans.