Kenyan fintech startup Paylend has raised US$2 million in seed funding to expand operations at home and launch in Tanzania, Zambia and Nigeria. Founded in 2019 by Bendon Murgor and Eliutherius Juma, Paylend is digitising the manual, black book recording of data traditionally used by MSMEs. So far it has digitised over 10,000 SMEs, providing an array of services including access to credit and crowdfunding tools. For a very long time, MSMEs have experienced stunted growth due to lack of efficient business tools or lack of funds. Additionally, we form alliances with strategic partners with similar goals to present business tools that ease operations of these MSMEs,” said Juma, the startup’s chief executive officer (CEO0.

Source: The North Africa Journal January 03, 2022 06:07 UTC