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
