Lipa Later Group, a leading fintech platform that wants to give African companies and consumers more power, is happy to report that a KES 500 million privately placed debt issuance has been closed successfully.
This success shows that the company is committed to giving its customers new ways to pay for things.
With the help of the well-known transaction advisory firm Rubicon Landing Advisors and the top legal advisory firm KN Law as legal advisors, Lipa Later recently reached a funding milestone that shows how far it has come on its journey to make financial services more accessible in Kenya.
Read also: Mastercard, Lipa Later Group introduce new payment systems in Africa
Unlocking new possibilities
This comes after the US government approved Lipa Later’s online fundraising. Through Republic, a well-known financial technology company worldwide, buyers from other countries can invest in Lipa Later’s growth.
Using Republic’s website, Lipa Later can reach many people who want to help projects that change the world. This strategic deal helps Lipa Later reach its goal of becoming the most complete retail, payment, and credit platform in Africa.
Proof of Trust and Growth
The booming capital offering shows Lipa Later’s strong growth and Kenyan financial ecosystem trust. The company can increase its offerings and improve customer service with this funding.
Lipa Later Group CEO Eric Muli was excited about the funding’s potential. “We are grateful to investors and supporters for their unwavering faith in our vision. These monies have allowed us to invest in technology and infrastructure to make our lending solutions more accessible and simple for customers.”
Lipa Later aims to raise KES 2 billion in equity and loans. This capital investment will help the company grow and reach more customers and businesses nationally. Reaching Urban Africa’s $500 billion financial inclusion opportunity is the goal.
Moringa, Lipa Later and Huawei to offer affordable computers to Students
Financial inclusion in the future
Lipa Later is committed to shaping Kenya’s financial future and knows the market has financial innovation opportunities. With the support of stakeholders and investors, the company is confident it can make finance more effortless and more accessible.
Lipa Later offers Kenyans the most incredible lending options and customer service. In pursuing financial inclusion in Kenya, the company is thrilled to continue working with Rubicon Landing, KN Law, and other partners.
