Kenyan Fintech Pezesha Raises $11 Million in Pre-Series a Round Backed by Cardano Blockchain Builder

Pezesha, a Kenyan fintech focused connected providing bridging concern to tiny and medium-sized enterprises, precocious raised $11 cardinal successful pre-Series A debt-equity backing round. The Women’s World Banking Capital Partners II led the circular successful which the Cardano blockchain builder Input Output Global besides participated.

Pezesha Solving Working Capital Problems for MSMEs

A Kenya-based fintech, Pezesha, announced precocious that it raised $11 cardinal from its pre-Series A debt-equity backing round. According to a Techcrunch report, this bid was led by Women’s World Banking Capital Partners II with the Cardano blockchain builder Input Output Global (IOG) besides participating. Other participants were Verdant Frontiers Fintech Fund and Cfund.

As per the report, Pezesha plans to usage the funds to grow its embedded concern concern to micro, tiny medium-sized enterprises (MSMEs) operating successful countries similar Nigeria, Rwanda and Francophone Africa.

Commenting connected however Pezesha plans to avail its lending infrastructure to much MSMEs pursuing its palmy round, the fintech’s laminitis Hilda Moraa reportedly said:

The accidental and interaction successful solving moving superior problems for MSMEs is huge. [We are] solving the basal cause, which is accusation asymmetry issues, to guarantee prime and liable borrowing. Pezesha solves this done our robust API-driven recognition scoring technology.

Pezesha to Target Women Entrepreneurs

For his part, Charles Hoskinson, the co-founder of IOG and Cardano explained however this concern fits his organization’s halfway nonsubjective of helping African economies turn and make jobs.

“Our imaginativeness is centred connected utilizing exertion to marque it easier for radical crossed the globe to get and lend to each different successful a regulated way. This concern successful Pezesha is an important milestone, and we’re excited to beryllium a portion of their maturation story,” Hoskinson is quoted stating successful the report.

Besides availing backing to MSMEs, the study said Pezesha would specifically people women entrepreneurs who presently cannot easy entree backing from the ceremonial banking system.

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