Kenyan fintech startup Pezesha has announced the launch of “Pezesha 2.0”, which it describes as a “significant evolution” in its journey towards financial inclusion for underserved micro-SMEs.
Pezesha is an end-to-end operating system that enables micro, small, and medium enterprises to instantly access affordable working capital and inventory financing on their phone. The platform also allows market players like Fast Moving Consumer Goods (FMCG) suppliers to seamlessly offer digital credit services to their customers and merchants, optimising growth both for the merchants and the supplier through our embedded finance approach.
Its latest version represents what it describes as its “commitment to innovation, customer satisfaction, and financial inclusion to close the US$300 billion unmet SME financing gap”. With Pezesha 2.0, micro-entrepreneurs can apply for inventory and working capital faster and more efficiently through the Pezesha Marketplace App, receive instant scoring, and get real-time fund disbursement to their mobile money accounts.
The platform also offers financial literacy tools on building a positive credit score and access to additional financial services, like micro-insurance through its partners.
“In our seven-year journey of resilience, we’ve supported over 50,000 small business owners, creating more than 100,000 employment opportunities through our working credit support. As we look ahead to 2024, we aim to impact one million SMEs – a challenging yet achievable goal with our dedicated team, regulatory approvals, strategic partnerships, and the apt investor support,” said Hilda Moraa, founder and CEO of Pezesha.
