Kenyan fintech Zanifu secures undisclosed investment from UAE-based Yango Group

Kenyan fintech platform Zanifu, which provides working capital to small and medium-sized enterprises (SMEs), has secured a new round of funding from the UAE-based technology firm Yango Group.

The undisclosed deal will see Yango Group provide not only capital but also strategic support, leveraging its operational experience in over 30 markets to help shape Zanifu’s long-term business structure and growth.

Zanifu has established itself by offering embedded lending solutions that enable SMEs to purchase inventory and manage cash flow. The company reports it has already financed 15,000 small businesses, disbursing tens of millions of dollars in loans to date.

“Zanifu is working on exactly what we care about, building tools that help other businesses grow,” said Daniil Shuleyko, CEO of Yango Group. “By giving thousands of SMEs real access to capital, the team is enabling them to expand and succeed. We’re excited to bring our experience and expertise to help scale a business that’s delivering real impact.”

The investment was made through Yango Ventures, the company’s corporate venture arm launched earlier this year. The fund, which has an initial $20 million to deploy, targets early-stage startups in Africa, Latin America, and the MENAP region, with a focus on fintech, B2B SaaS, and O2O services.

This latest move strengthens Yango’s commitment to fostering innovation within Africa’s dynamic startup ecosystem.

Go to TECHTRENDSKE.co.ke for more tech and business news from the African continent.

Follow us on WhatsApp, Telegram, Twitter, and Facebook, or subscribe to our weekly newsletter to ensure you don’t miss out on any future updates. Send tips to editorial@techtrendsmedia.co.ke