Ugandan Fintech Ensibuuko Raises USD 1 Mn Funding Round

Ensibuuko, a Kampala-based fintech company, has raised a USD 1 Mn funding round from global impact investor FCA Investments to help it grow both domestically and internationally.

Ensibuuko operates a proprietary microfinance platform developed especially for African credit unions (SACCOs) and savings groups. The software assists community-based microfinance organizations in automating data, procedures, and payments to provide financial services to their communities more effectively.