Kenya-based fintech 4G Capital to scale lending after raising $18.5M from Lightrock
https://techcrunch.com/2022/03/15/kenya-based-fintech-4g-capital-to-scale-lending-after-raising-18-5m-from-lightrock/
Kenya-based fintech company 4G Capital, which provides unsecured credit to micro enterprises, has raised $18.5 million in Series C funding from global private equity firm Lightrock.
The equity funding comes as the fintech plans to roll-out a series of new products and services including new loans that will increase the credit limit from $1,000, and allow longer repayment periods from the current maximum of one month. All this is in its plan to expand its clientele base and grow its profits.