Kenya’s Lipa Later, a fintech platform founded to empower African businesses to do more by enabling e-commerce, financial inclusion, and shopping on a centralised and fully integrated platform, has received exclusive approval to raise funds from the general public in the United States (US).
Founded in 2018, Lipa Later aims to empower African businesses to do more by enabling e-commerce, financial inclusion and shopping all on one centralised and fully integrated platform. The startup offers consumer credit, working capital and e-commerce solutions for merchants.
It has now become one of the first African companies to secure the green light from the US Securities and Exchange Commission (SEC) to pitch for investment through Republic, a global financial technology company that allows anyone to invest in anything, anywhere. By leveraging Republic’s platform, Lipa Later gains access to a worldwide network of backers who are passionate about supporting groundbreaking ventures that have the potential to make a lasting impact.
“We are thrilled to offer retail investors in the US and across the world the opportunity to invest in one of Africa’s fastest-growing fintech. Our excitement is magnified as we pioneer a trend, embarking on becoming a global business and the financial control centre for Africa’s 50 million retailers,” said Lipa Later CEO Eric Muli.
“This marks a significant step in our journey, and we are eager to share this transformative experience with all investors. This isn’t just an investment opportunity – it’s a catalyst for entrepreneurship, a cradle for job creation, and a beacon of economic development across an entire continent, as well as an opportunity to make a remarkable return on your investment. We aim to bank 100,000 SMEs.”