Pezesha, a Pan-African fintech company building scalable lending infrastructure for small and medium-sized enterprises(SMEs) and institutions, has acquired a license to operate in Uganda.
“We are excited to announce that Pezesha is now fully licensed to operate in Uganda and impact more MSMEs with affordable financial services and forge deeper embedded finance partnerships in Uganda. We received our Mobile Lending License.” Said the Fintech on their Linkedin platform.
Pezesha further added that thanks to Uganda Microfinance Regulatory Authority (UMRA), they also received their Digital Lending License.
The Kenyan Fintech has been in operation since 2017, and it provides financial access to underserved micro, small and medium-sized enterprises by linking them to banks, microfinance institutions and other retail lenders through a digital platform.
The fintech received a nod from Capital Markets Authority (CMA) in 2020, which saw it become the first local firm to successfully exit the CMA sandbox with a letter of no objection to operate in Kenya.