Eric Muli News Today

It’s no secret that there’s still a long way to go when it comes to achieving true financial inclusion in Africa.

By Eric Muli, Founder and CEO, Lipa Later    It's no secret that there's still a long way to go when it comes to achieving...

Sky.Garden had 50 employees before the acquisition, and some of them have been retained by Lipa Later Group.

Kenyan fintech startup Lipa Later has acquired online retailer Sky.Garden for KES250 million (US$1.6 million), revamping its platform with new features to launch a rebranded e-commerce ecosystem.

Kenya’s Lipa Later, a fintech platform founded to empower African businesses to do more by enabling e-commerce, financial inclusion, and shopping on a centralised and fully integrated platform, has raised KES500 million (US$3.4 million) from a privately-placed debt issuance to help it expand its offerings.

Kenya’s Lipa Later, a fintech platform founded to empower African businesses to do more by enabling e-commerce, financial inclusion, and shopping on a centralised and fully integrated platform, has received exclusive approval to raise funds from the general public in the United States (US). 

A groundbreaking event that will shape the future of business, climate action, and women's empowerment, the 5th Africa Open for Business Summit is set to take place on September 21, 2023. This year's summit, themed "Women of Africa and the Diaspora and the Fight for Climate Justice," will be held…

Despite the discouraging VC funding scene, the five-year-old company is very optimistic about its future.

Despite decreasing VC interest in growth-stage startups, Kenyan BNPL firm LipaLater says it is not crowdfunding  $1.2 million for the money. 

Kenyan startup Lipa Later has partnered Mastercard to drive financial inclusion and expand Buy Now, Pay Later (BNPL) solutions in Africa, starting with Kenya and expanding to Rwanda, Uganda, and Nigeria.