The two firms will benefit from a Sh20 million grant from DFS Lab. FILE PHOTO | NMG
Two Kenyan financial technology (fintech) start-ups are among
four selected to benefit from a Sh20 million grant from US-based Digital
Financial Services Lab (DFS Lab).
DFS will inject an
undisclosed seed capital in Cherehani Africa, whose mobile-based
technology on credit and personalised financial literacy content
distribution service targets women and girls running micro-enterprises.
“A
fourth startup, still in ‘stealth mode’ aims to be the most compliant
digital lender in Kenya,” said DFS without naming the firm.
Director
Jake Kendall said products from the four companies were found to
simplify processes for accessing financial information and cash via
mobile phone.
DFS Lab identifies promising entrepreneurs and invests in
for-profit companies that focus on consumers in sub-Saharan Africa
and Asia.
No comments :
Post a Comment