Founded in late 2016, Pezesha has created a holistic digital financial infrastructure that connects small and medium enterprises to working capital offered by banks, MFIs, and other financial institutions or networks.
Currently operational in Kenya, Ghana, and Nigeria, Pezesha is launching in Uganda this month and plans further expansion after raising a seed extension round.
The seven-figure round is led by GreenHouse Capital, and also includes loan liquidity support from GreenHouse Capital’s sister company, Venture Garden Group. The funding will support Pezesha’s continued growth across Africa and its mission to expand access to affordable working capital for SMEs, and adds to previous seed investment raised in 2018 by Consonance and last year by Seedstars.
“We are delighted to have GreenHouse Capital join the Pezesha family. We are aligned in our vision as well as our commitment to solving the working capital challenges that prevent African SMEs from reaching their full growth potential,” said Hilda Moraa, founder and chief executive officer (CEO) of Pezesha.
“GreenHouse Capital’s investment will catapult our growth, allowing us to expand our existing partnerships with companies such as Twiga Foods, Jumia, Marketforce, and Popote Pay, among others. More so, the investment will unlock our vision of building the operating system to be able to finance embedded in Africa.”
Ruby Nimkar, head of GreenHouse Capital, said Pezesha was breaking down barriers to SME financing by taking an ecosystem approach to the problem of access to capital.
“Her integrated financing model is truly innovative, and we have full confidence in Hilda and Pezesha’s talented team to take her model to new markets and continuously bridge the SME financing gap across Africa,” she said.
