Pezesha Raises $11M in Pre-Series A Equity and Debt Funding
Summary
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). The deal also included a $5m debt financing provided by Talanton and Verdant Capital Specialist Funds. 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. So far, the company has embedded 30 partners, registered over 200k SMEs, and enabled the disbursment of 100k loans.