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Renew Capital Invests In Kenyan Fintech Sevi To Revolutionize Stock Financing
Renew Capital Invests In Kenyan Fintech Sevi To Revolutionize Stock Financing

Renew Capital has announced its investment in Sevi, a Kenyan fintech company focused on transforming stock financing for wholesalers and retailers. Sevi’s “stock now, pay later” platform bridges the working capital gap by allowing businesses to access stock on credit while ensuring suppliers are paid upfront, fostering growth for all stakeholders.

Founded in 2018 by Walter aan de Wiel and Bartel Verkruijssen, Sevi’s platform delivers efficient credit evaluations and seamless financing for suppliers and retailers, using AI and machine learning. Suppliers like Coca-Cola and Philmed benefit from immediate payments, while retailers gain the flexibility to access and repay credit on a one-week cycle, enabling them to scale their operations and improve cash flow.

“Our mission is to empower wholesalers and retailers with the working capital they need to expand their businesses. With our app, we simplify stock financing, ensuring smoother transactions and stronger supply chains,” said Sevi founder Walter aan de Wiel.

With Renew Capital’s investment (amount undisclosed), Sevi plans to enhance its platform’s capabilities, grow its network of suppliers and retailers, and drive financial inclusion in Kenya’s retail sector. This aligns with Renew Capital’s focus on supporting innovative, high-growth businesses across Africa to generate sustainable social and financial impact.

Renew Capital’s support, provided in partnership with Global Affairs Canada, will further enable Sevi to address critical challenges in the FMCG sector and foster economic growth across the region.