How much did Pezesha raise?

Pezesha raised $11 Million in a Funding Round round on August 30, 2022.

Kenyan Fintech Pezesha Raises $11M Backed By Women’s World Banking, Cardano Parent Iog

PRIVATEAug 30, 2022

Amount Raised

$11 Million

Round Type

Funding Round

KenyaFinancial ServicesFinanceFintechLending

Description

Access to finance remains a key growth constraint for small businesses, with data showing a $330 billion financing deficit for the small enterprises that make up 90% of Africa’s businesses.

Quick answer

Pezesha raised $11 Million in a Funding Round round, dated August 30, 2022. Pezesha is based in Kenya.

How much did Pezesha raise?: Pezesha raised $11 Million in a Funding Round round on August 30, 2022.
What does Pezesha do?: It expects this number to grow before the end of the year as an additional 10 companies integrate with its infrastructure.
Where is Pezesha based and how big is it?: Pezesha is based in Kenya.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as Pezesha that raised within 45 days of this round, from Fundz verified event records.

NorthOne raised $67M (Series B) on October 13, 2022.
Aro Finance raised $10M (Seed) on October 11, 2022.
Jiko raised an undisclosed amount on October 6, 2022.
Tally raised $80M (Series D) on October 3, 2022.
Numida raised $12M (Funding Round) on September 28, 2022.
FinVolution Group raised an undisclosed amount (Funding Round) on September 26, 2022.

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Company Information

Company

Pezesha

Location

Rosami Court Muringa Road

Kenya

About

It expects this number to grow before the end of the year as an additional 10 companies integrate with its infrastructure. The IOG’s investment into Pezesha follows an earlier announcement that the two companies had partnered to build a peer-to-peer financial operating system for Africa. Pezesha solves this through our robust API driven credit scoring technology,” Moraa, also the CEO, told TechCrunch. Pezesha said it is currently working with over 20 partner companies that have enabled it to extend loans to over 100,000 businesses to date. “We are building for the future and this means tapping new innovations for additional liquidity that allows us to offer affordable loans to SMEs,” said Moraa, a two-time founder, who started Pezesha after successfully exiting Weza Tele in 2015.

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Pezesha raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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