Laboremus Uganda, the B2B fintech that enables onboarding at scale, has received a funding boost from DOB Equity and FCA Investments to grow the company’s fintech platform in Uganda and neighboring markets. Laboremus’ platform helps banks and fintechs verify their customers’ identities and onboard them as customers. This alleviates one of the key bottlenecks in
FCA Investments commits $1m seed investment to Ugandan fintech Ensibuuko
3.5.2021
Finn Church Aid’s (FCA) investment company FCA Investments Ltd (FCAI) has committed a $1 million seed investment to Ugandan fintech Ensibuuko, which currently provides digital financial services to over 200,000 rural customers in Uganda. The commitment was announced on April 30 in Kampala.
The funding is going towards increasing financial inclusion in rural communities in Sub-Saharan Africa. Ensibuuko will also gain access to FCA Investments’ technical resources and a global network of partners allowing it to build internal capacity and to establish strategic relationships across the region.
Ensibuuko operates a proprietary microfinance platform developed for Africa’s credit unions (SACCOs) and savings groups.
Ensibuuko Raises UGX3.5Bn Seed Investment From FCA Investments
Ensibuuko Raises UGX3.5Bn Seed Investment From FCA Investments
Ugandan-based fintech startup, Ensibuuko has raised USD$1 million (approx. UGX3.5 billion) that it will use to scale its operations rapidly in Uganda and to expand to other markets in Africa.
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Ensibuuko Founder and CEO, Gerald Otim (right) at the announcement of acquiring the seed investments from FCA Investments. (COURTESY PHOTO)
Global impact investor, FCA Investments has announced a commitment of USD$1 million (approx. UGX3.5 billion) to Ensibuuko; a fintech startup providing digital financial services to over 200,000 rural customers across Uganda. The firm’s Founder and Chief Executive; Gerald Otim says, the investment will be used to scale rapidly in Uganda and to expand to other markets in Africa.