Yango Group, a UAE-based tech company, has announced a new investment in Zanifu, a leading Kenyan fintech platform that provides access to working capital for small and medium-sized enterprises.
In addition to funding, Yango Group said in a statement that it would support Zanifu in shaping its long-term business structure and growth strategy, drawing on the group’s operational experience across more than 30 markets.
The investment, according to the company, underscores its commitment to supporting the growth of high-potential startups in Africa.
READ ALSO:Legend Stout, Adekunle Gold celebrate Nigerian culture
According to the statement, Zanifu has established itself as a vital enabler for small businesses by offering embedded lending solutions that help SMEs purchase inventory, manage cash flow, and scale sustainably. The company has already financed 15,000 SMEs, disbursing tens of millions of dollars in loans, and continues to demonstrate the transformative role of fintech in empowering local economies.
“Zanifu is working on exactly what we care about, building tools that help other businesses grow. By giving thousands of SMEs real access to capital, the team is enabling them to expand and succeed. We’re excited to bring our experience and expertise to help scale a business that’s delivering real impact to local communities,” Chief Executive Officer of Yango Group, Daniil Shuleyko, said.
The investment, it was learnt, was made through Yango Ventures, a corporate venture fund launched earlier this year with an initial $20m fund targeting early-stage startups across Africa, LATAM, and MENAP.
The fund focuses on high-growth sectors such as O2O services, B2B SaaS, and fintech, offering not just investment but also access to Yango’s global expertise, networks, and operational support.
“The Zanifu investment marks a significant step for Yango Ventures, strengthening its role as a catalyst for innovation and economic empowerment in Africa’s dynamic startup ecosystem,” the statement concluded.
Discover more from The Industry
Subscribe to get the latest posts sent to your email.
