Pezesha Africa Launches Pezesha 2.0, Micro SME Financing Platform

Nairobi, Kenya – Pezesha Africa, a pioneer in the FinTech industry, is excited to announce the launch of Pezesha 2.0, a significant evolution in our journey towards financial inclusion for underserved Micro SMEs.

Pezesha 2.0 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, optimizing growth both for the merchants and the supplier through our embedded finance approach. This new version represents our commitment to innovation, customer satisfaction, and financial inclusion to close the USD 300B unmet SME financing gap.

Hilda Moraa, Founder and CEO of Pezesha Africa, reiterated the company's dedication to providing affordable financial services, stating, "In our 7-year journey of resilience, we've supported over 50,000 small business owners, such as Rose, creating more than 100,000 employment opportunities through our working credit support. As we look ahead to 2024, we aim to impact 1 million SMEs—a challenging yet achievable goal with our dedicated team, regulatory approvals, strategic partnerships, and the apt investor support."

With Pezesha 2.0, micro-entrepreneurs can apply for inventory and working capital faster and 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 for building a positive credit score and access to additional financial services, like micro-insurance through our partners.

Mr. Geoffrey Odundo, CEO of Nairobi Securities Exchange, emphasized the pivotal role small businesses play in Kenya's economic growth, stating, "Pezesha is revolutionizing SME financing in Kenya, and we eagerly anticipate their listing on the exchange. With their embedded financing model, funds remain within the ecosystem and value chains, ensuring the safest form of lending. We are thrilled to embark on this journey with them."

Pezesha Credit's impact is evident in success stories such as Sarah, a mini-mart owner in Eastlands, Nairobi, who tripled her daily sales on average, thanks to uninterrupted cash flow and an expanded customer base.

In summary, behind the remarkable accomplishments of Pezesha over the past 7 years is the extraordinary Pezesha team, whose unparalleled dedication is the driving force behind the celebration of this incredible milestone.

We invite everyone to explore Pezesha 2.0 and join us in celebrating this significant milestone. For more information and partnership opportunities, please visit our website at www.pezesha.com or contact our business development team at [email protected]

About Pezesha Africa: Pezesha Africa is a leading Pan-African FinTech company committed to driving financial inclusion to SMEs. Through embedded finance and a customer-centric approach, Pezesha Africa provides accessible and affordable financial services, empowering individuals and businesses to achieve their financial goals.