Africa Angel Investors Network

Funding Tracker                 


Lipa Later

Image

Payment option that allows consumers to purchase goods and services in monthly instalments


Location: Kenya
Website: https://lipalater.com/
Sector: Fintech
Funding Stage: Seed, Venture Round, Pre-Series A, Venture Round, Debt,
Total Funding ($m): 16.7
# of Founders: 2
Founding Year: 2015
Funding Year: 2023
Status: Closed
YearAmountStageInvestors
2020$1mSeedLateral Capital, Platform Capital
2021$0.1mVenture RoundUncovered Fund
2022$12mPre-Series ACauris Finance, Lateral Frontiers VC, Greenhouse Capital, SOSV, Sayani Investments, Axian Group, Seedstars
2023$0.1mVenture RoundRepublic
2023$3.5mDebtn.a.
Eric Muli , Michael Maina, ,
Seed $1m
Lateral Capital, Platform Capital

Venture Round $0.1m
Uncovered Fund

Pre-Series A $12m
Cauris Finance, Lateral Frontiers VC, Greenhouse Capital, SOSV, Sayani Investments, Axian Group, Seedstars

Venture Round $0.1m
Republic

Debt $3.5m
n.a.


News
https://lipalater.com/blogs/lipa-later-successfully-closes-a-kes-500-million-privately-placed-debt-issue-sets-sights-on-raising-kes-2bn