Fintech Startup Tanda secures Funding Round

Story Highlights
  • Cape Town-based venture capital firm HAVAC has successfully completed its third investment in the Kenyan fintech business Tanda. Investment from the company’s $20 million HAVAC Universum Core African Fund is being made in conjunction with three more investors, including DFS Lab, as part of a current pre-series A investment.

With the continuous assistance of HAVA-C, Tanda is well-positioned to continue resolving two of Africa’s biggest growth concerns.

These difficulties include digitizing retail payments to enable speedier, more affordable, and more feasible transactions as well as providing unbanked Africans and small companies with access to crucial financial services like lending, savings, and wealth management. Tanda is in a good position to keep overcoming these difficulties.

Over the next 15 months, the company will be able to expand operations in Kenya and East Africa, speed up product development, and invest in important strategic partners thanks to the finance.

In addition, Tanda is launching a new brand identity to more accurately reflect its expanding product line.

These include Tanda Trader, an app that enables businesses to receive payments, sell digital goods, and obtain financing; Tanda Pocket, a digital wallet with virtual cards that can be used to make purchases, track finances, and set a budget; and Tanda I/O, an API library that streamlines how businesses collect and distribute pay-outs across mobile networks, agents and utility service providers.


Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email:

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