Kuunda

What they do:

Kuunda is a B2B digital lending infrastructure company working with the leading mobile money operators in emerging markets, where Kuunda enables local banks to provide short term nano loans to agents, merchants and consumers through these mobile money operator partnerships. 

Kuunda increases financial inclusion of informal micro, small and medium enterprises (MSMEs) by developing APIs that digitally link Mobile Network Operators (MNOs), Mobile Money Operators (MMOs) and financial institutions to MSMEs.

The business uses a principal lender model that leverages partnerships with corporates that have established informal retail networks in developing countries. In particular, Kuunda is looks at channel partners across airtime agent networks, bill payment

Why we invested:

Solving a significant problem: 40% of MSMEs in developing countries have an unmet financing need of $5.2tn every year.

Market Size: ~4.8m active agents world wide

The Founder:

Andrew Milne is the founder of Kuunda

Active in:

Tanzania, Uganda, Malawi, Pakistan