Fintech Pezesha Raises $11 Million in Pre-Series A Round

Pan-African embedded finance Fintech Pezesha has raised a pre-series A investment of $11 Million.

The round was a mix of $6 million equity and $5 million debt. The funding round, which was led by Women's World Banking Capital Partners II (WWBCP II), will see the company significantly scale operations in its core markets and grow into new markets within Sub Sahara Africa.

Pezesha offers a B2B digital lending infrastructure focused on providing affordable working capital to financially excluded SMEs in Sub-Saharan Africa. Pezesha was founded in 2017 by Hilda Moraa, a 2nd time Fintech entrepreneur who successfully exited her first Fintech business in 2015. Pezesha will use the proceeds of this investment to grow its presence in East Africa and expand its digital lending infrastructure to the West African market.

"The opportunity and impact in solving working capital problems for SMEs is huge. We are solving the root cause, which is information asymmetry issues, to ensure quality and responsible borrowing. Pezesha solves this through our robust API driven credit scoring technology,"Hilda Moraa said.