Kenyan fintech company Zanifu has secured funding from Yango Ventures, the USD 20 million venture capital arm of global technology group Yango, to support its expansion across Africa. The size of the investment was not disclosed, but Yango Ventures said the deal combines capital with strategic backing.
Founded in 2018 by Steve Biko and Sebastian Mithika, Zanifu provides digital working capital loans of up to USD 2,000 to small retailers, many of whom lack access to traditional banking services. Loan repayments are tied directly to business revenue.
The company previously raised USD 11.2 million in a pre-Series A round in 2023 and USD 1 million in seed funding in 2022. To date, it has disbursed more than USD 60 million in loans to over 15,000 SMEs, and recently achieved profitability.
This is Yango Ventures’ second major investment in Kenya in 2025, following its backing of mobility startup BuuPass in July. The fund, launched earlier this year, is focused on opportunities in fintech, e-commerce, and B2B SaaS.