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African Startup Funding Tracker

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Fintech Solutions Provider Kuunda Secures USD 2 Mn Seed Round
Fintech Solutions Provider Kuunda Secures USD 2 Mn Seed Round

Kuunda, a B2B2c fintech solutions provider, has closed its USD 2.25 Mn seed round, in line with its recent brand relaunch. The fund was led by Accion Venture Lab, Finca VenturesLaunch Africa, Seedstars, Mercy Corps VenturesGreenhouse Capital, Kepple Africa VenturesFuture Africa, The Magic Fund, and other fintech angel investors.

Kuunda provides liquidity to the informal sector through its liquidity API, and proprietary credit scoring algorithms, to generate behavioral and transactional borrowing profiles. The startup specializes in real-time, transactional-based lending solutions and plans to use this seed round to scale up operations in Tanzania and Pakistan, and launch partnerships in Uganda, Malawi, DRC, Zambia, Mozambique, Nigeria & Egypt.