Pan African fintech company, Pazesha, aimed at establishing scalable lending support for SMEs and institutions publicized the deal of a growth funding round directed by GreenHouse Capital (GHC). Adding to the support received from GHC, Pazesha also got on-lending liquidity aid from GHC’s partner company. GreenHouse Capital is a platform that connects startups, corporates and investors that are promoting innovation in Africa. Venture Garden Group (VGG), a company whose mission is to provide investment support to goal-driven entrepreneurs. Entrepreneurs who are in the face of challenges and are willing to transform emerging markets in a sustainable way.
Pazesha’s Mission
Pazesha’s mission to ease access to inexpensive working capital for SMEs and its unstopping growth across Africa can be achieved with these financial budgets. Pazesha is willing to solve Africa’s problem of $82 billion working capital and trade finance access. They will achieve this by granting non-traditional finance establishments to provide working capital to SMEs using Pazesha’s lending facility. They have robust APIs to bring up quality SMEs and original credit scoring models will allow the flow of capital.

Pazesha raised capital from Consonance and Seedstars previously. The company’s new partnership will extend the capital available for its institutional partners and Pazesha as well to lend SMEs.
Hilda Moraa, Founder and CEO of Pazesha, said, “we are delighted to have GreenHouse Capital join the Pezesha family. We have aligned in vision as well as our commitment to solving the working capital challenges that are preventing African SMEs from achieving their full growth potential. GHC’s investment will catapult our growth by enabling us to scale our existing partnerships with the likes of Twiga Foods, Jumia, Marketforce, and Popote Pay, among others. More so, the investment will unlock our vision of building the operating system to power embedded finance in Africa.”
Pazesha is about to launch in Uganda in September 2021 after scaling its lending facility in Kenya, Ghana, and Nigeria.
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