Africa-focused embedded finance platform, Pezesha, has secured $11 Million Pre-series A investment led by Women’s World Banking Capital Partners II (WWBCP II). This round is said to be $5 million in debt and $6 million in equity.

According to the startup, the funds will be used to expand into new markets in Sub-Saharan Africa. Pezesha provides a B2B digital lending infrastructure with a focus on giving economically disadvantaged SMEs in the region access to inexpensive working capital.

By estimates, this industry has a $328 billion financing deficit. The startup was founded in 2017 by Hilda Moraa - a second-time fintech entrepreneur who successfully sold her first fintech company in 2015.

The money from this investment will be used by the startup to strengthen its position in East Africa and extend its network of online lenders across West Africa.

Headquartered in Kenya, Pezesha is concerned about finding solutions to difficult infrastructure issues that leave MSMEs in the “missing middle.”

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Pezesha, a pioneer in integrated finance in Africa, provides productive loans to tech-enabled platforms like Twiga Foods, Jumia, and Marketforce among dozens of others. By bridging the MSME information gap and repairing fractured value chains.

Partners provide credit and other financial solutions to their merchant network at the time of sale by effortlessly integrating with Pezesha’s APIs.

MSMEs receive real-time loan offers to buy stock and pay later thanks to Pezesha’s credit scoring APIs, which serve as the driving force behind a straightforward but reliable procedure.

Pezesha has boosted the worth of its disbursements by over 2,000% in the past two years by disbursing more than 100,000 loans to MSMEs in Kenya, Uganda, and Ghana.