Kenya-Based Fintech 4G Capital Raises USD 18.5 Mn Series C Round

Kenya-based fintech company 4G Capital, a market player in technology-driven financial inclusion has raised USD 18.5 Mn in Series C funding to expand credit facility. The funding round was led by Lightrock, a London-based private equity fund.

4G Capital offers short-term loans to micro-businesses in Kenya and Uganda, who are often locked out by formal banking institutions. The platform plans to launch an app later this year that will enable its clients to sell on digital marketplaces and to be connected to other digital providers like delivery services.