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Finclusion: Raises an Additional Us$20 Million in Funding | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

Finclusion: Raises an Additional Us$20 Million in Funding

Finclusion: Raises an Additional Us$20 Million in Funding

  • Finclusion, with its portfolio of companies, drives financial inclusion in Sub-Saharan Africa using AI-powered
  • Secured US$20million in debt & equity funding from various prominent investors in its latest capital raise
  • This successful capital raise comes on the back of a US$20million funding round from Lendable
  • The funding will be used to fuel the company’s expansion into Mozambique and Uganda
  • The capital raised will also be earmarked for product expansion across their BNPL and wage streaming offerings
  • The Group has recorded an uptick in monthly originations, with an increase of 140% over the last 18 months

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