Lipa Later Group, a leading Kenyan fintech platform, has successfully concluded a KES 500 million private debt issuance, reinforcing its dedication to providing innovative financing solutions to its customers. This raise was supported by Rubicon Landing, a reputable transaction advisory firm, acting as the transaction advisors and KN Law, a leading legal advisory firm, acting as the Legal Advisors.
- Lipa Later Group secures KES 500M in debt issuance to enhance financial inclusion in Kenya.
- The funding round reinforces the company’s strong growth trajectory and trust within the financial ecosystem.
- Lipa Later plans to raise an additional KES 2 Billion to fuel its expansion and unlock $500bn financial inclusion opportunity.
- The company remains committed to providing Kenya’s best financing solutions and customer experiences.
The successful funding round underscores the company’s strong growth trajectory and the trust it has earned within the Kenyan financial ecosystem. These funds will enable Lipa Later to expand its offerings, invest in technology and infrastructure, and serve its customers even better.
“We are excited about the opportunities this funding has unlocked for merchants and consumers. We would like to extend our heartfelt gratitude to the investors and supporters for their unwavering trust in our vision. These funds have enabled us to further invest in technology and infrastructure to make our financing solutions even more accessible and convenient for our customers,” said Eric Muli, Group CEO at Lipa Later.
Building on this momentum, Lipa Later plans to raise an additional KES 2 Billion in both Equity and Debt to further fuel its growth as it works towards unlocking a $500bn Financial Inclusion Opportunity in Urban Africa. This capital infusion will support the company’s continued growth and expansion plans, enabling it to reach more customers and businesses nationwide.
Lipa Later remains committed to playing a significant role in shaping the future of financing in Kenya. With the support of its stakeholders and investors, the company is confident that it can achieve its goal of making financing more accessible and inclusive for all.