Kenyan fintech startup Pezesha has launched a significant upgrade to its platform, dubbed “Pezesha 2.0.” This new iteration represents a major step forward in Pezesha’s mission to empower micro-SMEs and address the $300 billion financing gap they face.
Pezesha offers micro, small, and medium enterprises (MSMEs) a convenient and accessible platform to secure affordable working capital and inventory financing through their mobile phones. Additionally, Pezesha’s embedded finance model allows players like Fast Moving Consumer Goods (FMCG) suppliers to seamlessly offer digital credit services to their customers and merchants, fostering mutual growth for both parties.
Pezesha 2.0 embodies the company’s commitment to innovation, customer satisfaction, and financial inclusion. With this new version, micro-entrepreneurs can enjoy a faster, more efficient experience. Key features include:
- Simplified application process: Access inventory and working capital faster through the Pezesha Marketplace App.
- Instant credit scoring: Receive immediate creditworthiness assessment.
- Real-time funding: Get funds disbursed directly to your mobile money account instantly.
- Financial literacy tools: Learn how to build a positive credit score and access additional financial services.
- Micro-insurance options: Secure micro-insurance coverage through Pezesha’s partners.
Hilda Moraa, founder and CEO of Pezesha, shared the company’s vision for the future: “In our seven years of operation, we’ve empowered over 50,000 small business owners, creating more than 100,000 jobs through our working capital support. As we look ahead to 2024, we aim to impact one million SMEs. We are confident that our dedicated team, regulatory approvals, strategic partnerships, and investor support will enable us to achieve this ambitious but achievable goal.”
Pezesha 2.0 marks a significant milestone in the journey towards financial inclusion for Kenyan micro-SMEs. By providing them with convenient, affordable, and accessible financial tools, Pezesha is helping them grow their businesses and contribute to the country’s economic development
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