Kenyan fintech startup Pezesha has partnered retail distribution platform Kyosk App to enable Kyosk merchants in Kenya – and soon in Uganda – to access affordable inventory credit.
Founded in 2017 by Hilda Moraa, Pezesha offers a B2B digital lending infrastructure focused on providing affordable working capital to financially-excluded SMEs in Sub-Saharan Africa.
Partners integrate seamlessly with Pezesha’s APIs and offer credit and other financial services to their merchant network at the point of sale. Its credit-scoring APIs act as the engine of a simple but robust process where MSMEs receive real-time loan offers to purchase stock and pay later.
Disrupt Africa reported last August the startup raised US$11 million in pre-seed funding to help it significantly scale operations in its core markets and grow into new ones within Sub-Saharan Africa, and part of that scaling will now take place in partnership with Kyosk, a digital-first and data-led technology distribution platform that empowers local retailers to connect communities across Africa with essential goods and services.
Through the partnership, Kyosk merchants will enjoy the convenience of placing inventory orders on the Kyosk app and leveraging stock financing to pay on credit enabled by Pezesha. This seamless access to inventory credit will ensure a steady cash flow for the merchants, allow for increased supplies, and enable them to meet the high demand for goods from their customers.
“We are excited about our win-win partnership with Kyosk as it will drive supply chain optimisation for all the players but also deepen financial inclusion,” said Andrew Thiong’o, business development lead at Pezesha.