Fintech company IMFact secures US$4m investment from FSD Africa Investments

KENYA – IMFact, a FinTech company that uses supply chain financing to provide working capital to microbusinesses and small- to medium-sized businesses (SMBs), has received an investment from FSD Africa Investments in the amount of 3 million British pounds (US$4 million). The IMFact business model is a “pooled receivables” factoring platform, which means it buys bulk invoices from microbusinesses and…

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