Tech Company Financing Transactions
Tugende Funding Round
Tugende closed a $10 million Series B investment round on 10/11/2022. Investors included Verdant Capital, Partech Partners and private investors.
Transaction Overview
Company Name
Announced On
10/11/2022
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$10,000,000
Round
Series B
Investors
Proceeds Purpose
We focused investment strategy to innovative financial services providers, with specialized technical assistance to help portfolio companies achieve their strategic gender mainstreaming goals.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
57 Ntinda II Road Naguru
Kampala, Undisclosed
UG
Kampala, Undisclosed
UG
Phone
Undisclosed
Website
Email Address
Overview
Tugende is tackling the credit gap for small businesses in Africa by enabling informal entrepreneurs to: 1) own income-generating assets, 2) build a verifiable digital credit profile, and 3) earn future growth opportunities through the Tugende digital platform. From financing to value-added services to new opportunities, we are building a long-term ecosystem for MSMEs to grow and thrive with us as their partner.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Wilkerson
Chief Financial Officer
Stephen Ngugi
Chief Operating Officer
Marisa Fee
Co-Founder
Matt Brown
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