Lipa Later is building Africa’s largest credit, payments and shopping platform
Lipa Later’s equity crowdfunding campaign is now officially live on Republic. This marks a significant milestone in the company’s journey to reshape the credit landscape and empower individuals and businesses with access to credit.
Lipa Later’s mission is centered on fostering financial inclusion across Africa. The platform provides credit solutions, bridging the financial inclusion gap and thus giving underserved populations opportunities for economic growth.
Latest Fintech News: Swift Unlocks Potential of Tokenisation With Successful Blockchain Experiments
Lipa Later has already gained major traction, securing a solidified position as a reputable player in the financial industry. The company recently snagged a major partnership with Mastercard, a global leader in payments technology.
Traction Highlights:
- Revenue income has doubled within the first nine months of 2022.
- Net loans and advances have resulted in assets growing 5.5x in the past four years.
- They own four other operating subsidiaries in Africa (with intentions to expand in South Africa, Ghana and Tanzania).
- The Kenyan subsidiary currently contributes over 70% of Lipa Later’s group business.
Latest Fintech News: Amazon Announces App Integration for Merchants to Enable Buy with Prime on Shopify Stores
About Lipa Later
As architects of change, pioneers of Lipa Later digital payments, and champions of FinTech innovation, Lipa Later has become Africa’s fastest growing SME bank for retailers. Lipa Later not only benefits consumers, but also stimulates entrepreneurship, fosters job creation, and promotes economic development across the African continent.
Latest Fintech News: Bitcoin Depot Expands Retail Footprint with 400 New Locations Across Iowa and Louisiana via Partnership with InComm Payments
[To share your insights with us, please write to sghosh@martechseries.com]
