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Tugende takes first step towards repayment of defaulted $5M Goldfinch loan
Tugende, a venture-backed lender based in Uganda, and Warbler Labs, the company building Goldfinch, a decentralized credit protocol, have agreed on a loan restructuring plan that may lead to the recovery of the $5 million loan that the East African motorcycle taxi financing company defaulted months ago. Warbler Labs arrived at a restructuring “agreement in…
Uganda in the spotlight as country’s startups captivate YC, Google
The startup ecosystem in Africa has until now been dominated by Nigeria, Kenya, South Africa and Egypt (the Big 4), countries that continue to receive the bulk of venture capital…
M-KOPA raises $75M as it clocks 2 million customers across four African markets
A 2019 World Bank report says 85% of Africans live on less than $5.50 per day. A large percentage of these adults are unbanked and underbanked; thus, they don’t have…
How UK-based Lendable is powering fintechs across emerging markets
What moves the needle for digital lenders is serving loans to their respective customers. But where does this money come from? The pool is usually equity or debt. While some…
Uganda’s Tugende closes $3.6M Series A extension to meet the demand for its asset finance products
Ugandan technology-enabled asset finance company Tugende today announced that it has closed $3.6 million in a Series A extension round. The investment, which, according to the company, was agreed on…
