"As a pan-African Pre-Series A venture capital fund, our main objective is to support companies solving Africa specific solutions in a scalable way, and in particular to help give them the momentum to grow into their plans and to their next major capital raise rounds. We aligned quite well with Kuunda's solution of financial inclusion for Africa's merchants at both the mobile agents level and the SME merchant level. The natural linkages with financial corporates and Mobile Network Operators allows for scaling across not only multiple geographies on the continent but also other developing countries. The linkages with our other portfolio companies and, indeed, other start-ups within the African VC ecosystem will galvanise growth for everyone". 

Vuyo Mzini, Head of Portfolio, Launch Africa

“Accion Venture Lab is proud to support Kuunda and believe that their model is well-positioned to succeed as the global economy pushes toward digitization and financial inclusion. We’re excited to invest in the company because of their ability to use partnerships that reach agents, MSMEs, and consumers at scale, their superior use of technology, and their unique data-driven approach to designing, pricing, and distributing financing.  Having built a relationship with the team over the following years we are convinced that they are the right team to tackle this massive financial inclusion challenge and we look forward to being part of the journey.”

Ashley Lewis, Partner, Accion Venture Lab.

"Seedstars International Ventures invests across emerging markets in ventures that can deliver top-tier venture capital returns and help solve key societal challenges. With billions of people still unbanked and even more poorly serviced, Future of Finance is core to Seedstars' investment thesis. Kuunda has developed a platform to provide financial services in a low risk, scalable and user friendly format fitting squarely into our investment thesis. The Kuunda team's combined experience and the international growth potential overlapping with our own geographical footprint led us to back the company and be part of the journey."

Charlie Graham-Brown, Chief Investments Officer, Seedstars.

“At FINCA Ventures we believe the combination of access to financial resources and financial literacy can dramatically improve the lives and livelihoods of underserved populations at scale. One of our key themes is to focus on enterprise solutions that address the operational challenges faced by financial services providers that will expand enabling infrastructure and accelerate digital transformation. Kuunda’s products have global applicability in this regard and our additional insight into their products, courtesy of their partnership with FINCA Tanzania, have led us to believe that the company will achieve both stellar financial returns and significant social impact.”

Omer Imtiazuddin, Managing Director, Finca Ventures.