Pezesha Africa, a Kenyan fintech startup has closed a seven-figure sum in a seed-extending round led by a Nigerian Venture Capitalist firm, Greenhouse Capital Partners.
The fintech startup said this was additional funding to the one received from GHC’s sister company Venture Garden Group (VGG).
The funds will support its growth across Africa and its mission to expand access to affordable working capital for SMEs.
Using its holistic digital financial infrastructure, Pezesha is looking to solve Africa’s $82 billion working capital and trade finance access problems by enabling non-traditional finance institutions to offer working capital to SMEs.
“Pezesha is breaking down barriers to SME financing by taking an ecosystem approach to the problem of access to capital. We have full confidence in Hilda and the talented team at Pezesha to continuously close the SME financing gap across Africa,” Ruby Nimkar, Principal at GreenHouse Capital said.
Pezesha has scaled its lending infrastructure in Kenya, Ghana, and Nigeria and is planning to launch in Uganda in September of 2021.