US$437,830,000+
*Data updated daily at 18:00 EAT
Kenya-based retail tech startup, Tanda, secured an undisclosed amount of funding to scale its operations across East Africa. The investment came from HAVAÍC, Zed Crest Capital, DFS Lab, Victor Asemota, and three other investors. This comes after the startup secured a partnership with MasterCard and Interswitch.
Tanda has developed a creative solution for MSMEs in Africa by providing inventory credit and mobilizing these MSMEs to become access points for Airtime, Utility payments, M-banking, and Insurance for their customers.