Watu Credit Limited
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Watu Credit Limited - overview
Established
2015
Location
Nairobi, -, Kenya
Primary Industry
Financial Services
About
Based in Kenya, and founded in 2015, Watu Credit Limited operates as a fintech platform that enables individuals to start up a vehicle business. In January 2024, Watu Credit Limited raised USD 15 million in venture debt funding from new investor Alpen Capital. The company provides a financial service platform offering boda boda and tuk tuk loans to aspiring business owners. The platform allows customers to get motorbikes or three-wheelers financed thereby assisting millions of Africans in achieving their entrepreneurial aspirations.
The firm also includes watu gari which offers car financing solutions to Kenyans and watu simu which facilitates mobile financing solutions. The company will use the funding to provide onward lending to its customers, expand its mobility portfolio, and increase access to financial services for the underserved and unbanked in Uganda.
Current Investors
Verdant Capital, Global Social Impact
Primary Industry
Financial Services
Sub Industries
Consumer Finance
Website
www.watuafrica.com
Verticals
FinTech
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.