Kenyan consumer credit tech startup Lipa Later has officially been launched in Uganda. The startup aims to offer quality products at an affordable rate ensuring an affordable lifestyle is not only a reserve for a chosen few but a basic human right.
Lipa Later which began in 2016 and is run by CEO Eric Muli is looking to expand into more markets such as Rwanda after recently raising seed funding from Lateral Capital and Platform Capital Disrupt reported.
Lipa Later allows users to own and have unrestricted use of what they want while they pay for it in affordable and flexible monthly instalments. This is made possible through partnering with some stores in the available countries.
Ugandan solution to a Ugandan problem
-Muli, Lipa Later’s CEO
Lipa Later relies on data analytics to provide customers with convenient and affordable credit while monetizing through commissions and interest charges.
Lipa Later’s Uganda venture will work closely with Mbawo Woodwork, Orca Furniture, Praise communications, Anisuma, and Simba Telecom, who were present during the launch to demonstrate some of the products people could acquire through Lipa Later.
“Everyone should have the choice to live the life they want”. Dr. Akintoye Akindele, the Chairman of Platform Capital stated.