Beyond Capital Ventures and Variant invest in Kenyan inventory financier

Zanifu, a B2B fintech lender headquartered in Kenya, specialising in providing inventory supply chain financing to MSMEs, has secured $11.2 million in pre-series A financing.

The funding round, a combination of debt and equity financing, was led by Beyond Capital Ventures and Variant Investments. This significant capital injection will empower Zanifu to broaden its inventory finance offerings, targeting retailers and distributors within the FMCG supply chain.

Steve Biko, CEO of Zanifu, emphasised the company’s unique approach stating, ”We provide targeted trade credit – our focus isn’t solely on funding borrowers, but rather on financing the inventory of borrowers. This strategic approach ensures that the credit we offer translates into tangible economic value, thereby enabling MSMEs to thrive and grow.”

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