Kenya’s fintech startup, Paylend, raises $2m seed funding. 2 other things and a trivia

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This line-up of stories will help you discover the latest happenings around the tech world, today.

1. Kenya’s fintech startup, Paylend, raises $2m seed funding

Paylend, a Kenyan fintech startup, has announced raising US$2 million in seed funding to expand operations at home.

The raiser comes as the startup sought to launch in Tanzania, Zambia and Nigeria.

Paylend was founded in 2019 by Bendon Murgor and Eliutherius Juma.

The startup digitises the manual, black book recording of data traditionally used by MSMEs.

Today, the startup has digitised over 10,000 SMEs, providing an array of services including access to credit and crowdfunding tools.

The new raiser was led by Next Chymia Consulting HK Limited, an Asian company that provides blockchain applications, consultancy services and training to global entities.


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