Ugandan Fintech Startup Fin-e Innovations Raises USD 300 K Funding

Fin-e Innovations, a fintech start-up based in Uganda, has raised USD 300 K in pre-seed capital from an undisclosed US investor.

The company intends to address the financial gap among local energy SMEs in Africa through an innovative platform connecting last-mile distributors (LMDs) directly with investors. The platform offers different advantages such as reducing investment risk, speeding up the investment cycle, and allowing for small ticket size investments and it will now run its pilot in Uganda.