Pezesha, a Kenya-based fintech startup has won the 2020 AFI (Alliance for Financial Inclusion) Fintech Showcase.
Pezesha, has created a holistic digital financial infrastructure that is on a mission to be the leading enabler platform and marketplace that connects small and medium sized businesses to working capital through a collaborative approach where banks, MFIs and other financial institutions or networks can connect on our platform to be matched with quality SMEs driving meaningful financial inclusion and reducing any inequalities on access to formal financial services.
“We are tackling the USD328 billion financing gap for MSMEs across sub-Saharan Africa … and the more than 50 million businesses that have been excluded and underserved,” said Hilda Moraa, Pezesha’s founder and chief executive officer.
“Everyone benefits in our value chain ecosystem: lenders can optimize their capital; suppliers can increase their network of merchants; and merchants can grow their inventory,” she added.
Launched in 2017, Pezesha has funded more than 75,000 loans to MSME’s, educated more than 200,000 MSMEs and disbursed more than USD 2 Million across Kenya. To expand its reach, Pezesha has partnered with companies such as Google, Pesapoint, Mastercard and Letshego.
The second place went to Idemia, a multinational tech company based in France, that uses digital identification to aid in the enrolment and disbursal of funds.
Arifu, a Kenyan-based digital content and interactive learning platform, came in third.According to the company, more than 1.5 million people have accessed Arifu’s services.
The three finalists will be invited to participate in select activities of AFI’s public-private Dialogue platform and be awarded a one year membership to Luxembourg House of Financial Technology (LHoFT), which provides practical training, education and research services for the FinTech community.
Watch Pezesha’s winning pitch here!