Platinum Credit Uganda secures $4m investment from Symbiotics
The funding will be used to expand its financing for low-income households and MSMEs.
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Platinum Credit Uganda (PCU), a subsidiary of The Platcorp Group, has secured $4 million in investment from Swiss asset manager Symbiotics. The funding will be used to expand its financing for low-income households and micro, small, and medium enterprises (MSMEs) across Uganda.
MSMEs are the backbone of Uganda’s economy, accounting for over 90% of private sector firms. However, MSMEs and low-income households face a considerable financing gap and are regularly blocked from accessing critical investment due to historic financial barriers.
The $4 million investment, provided over a term of 24 months, was disbursed for deployment in December 2025. Subsequently, PCU launched its phased offering of enhanced loan products.
Duncan Frayne, regional director of sub-Saharan Africa at Symbiotics, said: “Symbiotics is delighted to partner with Platinum Credit Uganda through the arrangement of a $4 million investment, supporting the growth of their MSME portfolio and reinforcing PCU’s commitment to driving inclusive and sustainable development across Uganda.”
Brett Sievwright, CEO at Platcorp, commented, “This multi-million investment from Symbiotics will be instrumental in helping Platinum Credit Uganda expand vital financial access to underserved groups in Uganda. Our partnership with Symbiotics will fuel their work – and the work of Platcorp as a whole – in creating meaningful, sustainable change and driving impact financing across Africa.”
Albert Abaasa, managing director of PCU, added, “Symbiotics’ investment will have a transformative effect on our work and directly translate to community benefits, business growth, and improved financial inclusion. Through our partnership, Symbiotics is using finance as a force for good. Uganda has a wealth of talent and micro-entrepreneurs, but for too long, they have been shut out of traditional finance. Microfinance provides an exciting opportunity to drive growth in communities and see success ripple over the wider economy.”
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