FSD Africa Investments (FSDAi), the investing arm of FSD Africa, announced a £3 million investment into IMFact, an expanding fintech company that uses supply chain financing to provide working capital to micro, small and medium enterprises (MSMEs).

IMFact’s technology-driven factoring solution provides MSMEs with an alternative to bank lending by providing upfront cash payments for their unpaid invoices.

As a “pooled receivables” factoring business, IMFact purchases bulk ...