Tanzanian FinTech firm Kuunda, which offers embedded working-capital solutions for financial institutions and digital payment providers, has raised $7.5m in pre-Series A funding to accelerate its regional growth.
The investment round attracted participation from existing and institutional investors including Portugal Gateway Fund, Seedstars Africa Ventures, 4Di Capital, Accion Ventures, Nedbank, and E4E Africa, according to a report from daba.
Founded in 2018, Kuunda partners with banks and payment providers to design and embed credit products such as airtime float loans, merchant cash advances, stock financing, and mobile money liquidity within digital ecosystems.
Kuunda’s platform builds dynamic, embedded financing tools that enhance economic productivity by providing agent networks, small enterprises, and consumers with access to liquidity.
Using proprietary credit scoring algorithms and real-time behavioural data, the company creates borrower profiles that help its partners distribute liquidity efficiently through existing channels. These algorithms have supported both short- and medium-term lending solutions, including e-float financing, airtime advances, and stock financing to drive small business growth.
The company has already facilitated over $3bn in loans for its financial and FinTech partners and currently supports monthly credit disbursements exceeding $100m to around two million users across Tanzania, Kenya, Uganda, Malawi, Mozambique, and Pakistan.
With the new capital, Kuunda plans to strengthen partnerships with e-commerce and PoS providers, launch operations in Egypt’s $115bn PoS market, and expand further into Saudi Arabia, the UAE, and Morocco.
Kuunda co-founder and co-CEO Andy Milne said, “This funding enables us to extend credit where commerce happens — directly to the agents, MSMEs, and merchants that power emerging markets.”
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