Kenyan Fintech ImaliPay Secures USD 3 Mn Seed Funding

Kenyan Fintech ImaliPay has secured a USD 3 Mn seed in debt and equity round from Leonnis Investments, Ten 13, Uncovered Fund, MyAsia VC, Jedar Capital, Logos Ventures, Plug N Play Ventures, Untapped Global, Latam Ventures, Cliff Angels, Chandaria Capital, and Changecom. Angel investors like Keisuke Honda of KSK Angels and others from Serbia, Kenya, and Norway also participated.

ImaliPay is a financial health platform offering financial products to freelancers and blue-collar gig workers in partnership with gig platforms. The investment will go into expanding its 50-man team, amping up its technology, and exploring new markets like Ghana and Egypt.