Tugende, a technology-enabled asset finance company in East Africa has closed $3.6 million in additional equity financing.

The round was led by Partech, with participation from Enza Capital and regionally based angel investors. The investment, which was agreed and structured in 2020, is an extension of Tugende’s series A, for which the first close was announced in September 2020, and led by Toyota Tsusho’s Mobility 54. This brings the total amount of equity capital raised for the s...