• Latest
  • Trending
  • All
  • Startups
  • Funding
  • Sponsored
PremierCredit - techbuild

Zambian Fintech Startup, PremierCredit secures $650 000 Investment

1 month ago
covax

COVAX: Africa requires Timely access to Safe and Effective COVID-19 vaccines

37 mins ago
adesina

UK-Africa Investment Conference: ‘Africa is the world’s next business frontier’ – Akinwumi Adesina

42 mins ago
Founder Institute
Wari - techbuild

Wari partners Lycaremit to facilitate Cross-border Remittance

7 hours ago
Biden - techbuild

Opinion: Positioning Africa at the forefront of the Biden Administration

10 hours ago
techbuild.africa - techbuild

techbuild.africa opens Application for Content Writers

10 hours ago
Legal Lens - techbuild

Legal Lens is saving Cost on Legal Fees for South Africans

12 hours ago
Godo hub - techbuild

GoDo Hub opens call for Mentors

13 hours ago
Science and Technology Innovation Challenge - techbuild

Nigerian student? Apply for Science and Technology Innovation Challenge 2021

15 hours ago
Highest Currencies in Africa - techbuild

10 Highest Currencies in Africa (2021)

17 hours ago
COVID-19 - techbuild

COVID-19: Digitalization of Economic Sectors will kick-start a New Growth Cycle – AfDD’s Report

1 day ago
UK-Nigeria Tech Hub - techbuild

UK-Nigeria Tech Hub launches Virtual Capacity Building Programs

1 day ago
Communications Service Providers - techbuild

Customers demand more Digital Engagement from Communications Service Providers – Amdocs Survey

1 day ago
Founder Institute Founder Institute Founder Institute
  • Home
  • About
  • Partners
  • Advertise
  • Contact
  • Signup to receive updates
  • en English
    en Englishfr Frenchar Arabicsw Swahilipt Portuguesede Germanes Spanishzh-CN Chinese (Simplified)
Innovation | Start-ups | Funding | Tech Blog in Africa
Advertisement
  • Home
  • Startups
  • Funding
  • Women Tech
  • Hubs
  • News
  • Interviews
No Result
View All Result
  • Home
  • Startups
  • Funding
  • Women Tech
  • Hubs
  • News
  • Interviews
No Result
View All Result
Innovation | Start-ups | Funding | Tech Blog in Africa
No Result
View All Result
Home Startups Southern Africa

Zambian Fintech Startup, PremierCredit secures $650 000 Investment

Dare Afolabi by Dare Afolabi
22nd December 2020
in Southern Africa
PremierCredit - techbuild

Credits: Twitter

PremierCredit an online microlending tech startup based in Zambia has recently secured a a $650 000 from Enygma Ventures, a US based Venture Capital fund.

Commenting on the investment, Chilufya Mutale, co-founder and CEO of PremierCredit said:

“We are extremely elated about our partnership with Enygma Ventures. The financial and strategic support will allow us to execute on our vision to service multiple countries across the region.”

Starting operation in 2019, PremierCredit provides services to Zambians and Zimbabweans.

The mico-lending startup provides micro-loans to entrepreneurs and small medium enterprises within these two countries.

This offering allows them to accelerate their business and add positively to the economy of Zambia and Zimbabwe.

PremierCredit has partnered with a Zimbabwean bank to enable it offer cost-effective smartphones, bicycles and solar devices through a ‘pay-as-you-go’ method to communities within Zimbabwe that are underserved.

Speaking on PremierCredit’s performance, Sarah Dusek, Managing Partner and co-founder of Engyma Ventures, said that the startup has shown excellent proven track record in lending support to the informal sector of Zambia’ economy while also making informal trading possible via timely provision of loans.

“After an extraordinary year, it has been incredible to see women-owned businesses still thriving and creating expansion plans despite the pandemic.”

Over the years, Enygma Ventures has shown its support to women-led ventures and startups, adding PremierCredit to its current portfolio.

The US based venture capital fund has reportedly carried out 10 investment funding in 2020.

Enygma Ventures currently has opened applications for tech startups in the Southern African Development Community (SADC) region for funding opportunities.

The application closes by Thursday, December 31, 2020.

In concluding, Lelemba Phiri, Principal and Operating Partner of Enygma Ventures said that the funding will have a positive effect on the two countries while offering most of the required access to a range of services.

“We are excited about this investment and are confident in PremierCredit’s ability to execute and expand regionally as they are a formidable team.

The ripple effect of such investment goes beyond the immediate business because it in turn enables access to capital for underserved traders and communities.”


Don’t miss important articles during the week. Subscribe to techbuild.africa weekly digest for updates.

Related Posts

Legal Lens - techbuild
Southern Africa

Legal Lens is saving Cost on Legal Fees for South Africans

12 hours ago
Umwuga - techbuild
Southern Africa

SA Startup Umwuga offers Free Go-to-platform for hiring Trade/Service Workers

1 week ago
Bottles - techbuild
Southern Africa

On-demand Delivery startup, Bottles officially launches with Pick n Pay

4 weeks ago
My Washbay - techbuild
Southern Africa

My Washbay reinvents Car Wash Service in South Africa

4 weeks ago

SIGNUP FOR UPDATES

RECENT

  • COVAX: Africa requires Timely access to Safe and Effective COVID-19 vaccines
  • UK-Africa Investment Conference: ‘Africa is the world’s next business frontier’ – Akinwumi Adesina
  • Wari partners Lycaremit to facilitate Cross-border Remittance
  • Opinion: Positioning Africa at the forefront of the Biden Administration
  • techbuild.africa opens Application for Content Writers

PREVIOUS

Join Founder Institute Join Founder Institute Join Founder Institute
ADVERTISEMENT
Innovation | Start-ups | Funding | Tech Blog in Africa

© 2013-2021 techbuild.africa. All Rights Reserved.

  • About
  • Contact
  • Privacy
  • Sitemap
  • Terms of Service

Follow us

No Result
View All Result
  • Home
  • Startups
  • Funding
  • Women Tech
  • Hubs
  • News
  • Interviews

© 2013-2021 techbuild.africa. All Rights Reserved.

en English
en Englishfr Frenchar Arabicsw Swahilipt Portuguesede Germanes Spanishzh-CN Chinese (Simplified)
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.