MSME Startups in Africa
Overview Powered by AI
MSME lending remains a key growth area, with mobile-first fintechs like IMFact and Paylend disrupting traditional banks. Local business leaders cautiously welcome these players, recognizing the need for accessible financing. However, concerns linger about sustainability and the potential for over-indebtedness.
Cummulative Funding
$5.9M+
Total # of Companies
2
Total Deal Count
2
Total M&A Count
0
Total # of Investors
3
List of MSME startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
IMFact provides smart finance for Kenyan SMEs in the supply chain. | Seed | $ 3,900,000 | 2019 | |
Paylend is a fintech company enhancing business relationships by providing a digital footprint for the MSMEs and building local economies. | Seed | $ 2,000,000 | 2019 |
Founded
2019
Overview
IMFact provides smart finance for Kenyan SMEs in the supply chain.
Last round
Seed
Total raised
$ 3,900,000
Employee
11-50
Founded
2019
Overview
Paylend is a fintech company enhancing business relationships by providing a digital footprint for the MSMEs and building local economies.
Last round
Seed
Total raised
$ 2,000,000
Employee
11-50