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Tugende raises $3.6m in Series A funding

Uganda based asset finance startup raised $3.6m in Series A funding led by Partech.

“With an average household of five people, this can really transform the lives of our client and their families. Besides just increased daily profit, ownership of an asset is also wealth in itself,” Wilkerson told TechCrunch. “Some clients sell the fully owned motorcycle and use that lump sum of capital to make other investments while coming back to Tugende for a new lease, which is affordable from their daily cash flow.”

Tags

lending, africa, emerging markets