Tanzania’s Kuunda raises $7.5 million to drive expansion into the Middle East and North Africa
- Kuunda raised $7.5 million in pre-Series A funding to expand its operations.
- The funding round included participation from various venture capital firms and financial service providers.
- Kuunda aims to penetrate Egypt's digital payments market, which is experiencing rapid growth.
Bendada.com - Oct 17, 2025
Kuunda raises $7.5 million in pre-series A round to scale across Africa and MENA
Kuunda, a B2B digital lending-as-a-service company, has secured $7.5 million in pre-Series A funding
Kuunda's innovative approach to embedded liquidity could significantly enhance access to finance for small businesses in Africa. However, the challenges of regulatory compliance and cultural adaptation in new markets must be addressed to ensure sustainable growth. The competition in the fintech space is fierce, and Kuunda's success will depend on its ability to differentiate itself and build strong partnerships.
