Micro Lending Startups in Africa
Overview Powered by AI
Micro-lending in East Africa is a double-edged sword. While it provides access to finance for the underserved, it also risks over-indebtedness. MNT-Halan and Tanda have faced criticism for high interest rates and aggressive collection tactics. Local business leaders are divided: some see it as empowering entrepreneurs, while others fear it's creating a debt trap.
Cummulative Funding
$847.5M+
Total # of Companies
2
Total Deal Count
9
Total M&A Count
1
Total # of Investors
33
List of Micro Lending startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
MNT-Halan is Egypt’s largest and fastest growing lender to the unbanked. | Venture | $ 827,500,000 | 2018 | |
Tanda is a Kenyan fintech startup working to revolutionize access to digital financial services for micro-retilers across Africa. | Seed | $ 20,000,000 | 2017 |
Founded
2018
Overview
MNT-Halan is Egypt’s largest and fastest growing lender to the unbanked.
Last round
Venture
Total raised
$ 827,500,000
Employee
10,001+
Founded
2017
Overview
Tanda is a Kenyan fintech startup working to revolutionize access to digital financial services for micro-retilers across Africa.
Last round
Seed
Total raised
$ 20,000,000
Employee
51-200