Kenya’s Pezesha wins 2020 AFI Fintech Showcase

After displacing other startups, Kenya-based fintech, Pezesha, has been announced as the first prize winner in the 2020 AFI Inclusive FinTech Showcase.

The Kenyan company won the category for its leading innovation in financial inclusion, offering a digital platform that allows micro, small, and medium-sized enterprises (MSMEs) the opportunity to be linked with investors.

This way, these entities could be linked to banks, microfinance intuitions, and retail lenders that are looking to drive MSMEs productivity and growth.

Speaking on the development, Hilda Moraa, founder and CEO of Pezesha noted that the fintech startup joined the competition for its participation in helping MSMEs across sub-Saharan Africa.

He said: “We are tackling the $328-billion financing gap for MSMEs across sub-Saharan Africa … and the more than 50 million businesses that have been excluded and underserved.”

The 2020 AFI Inclusive FinTech Showcase allows fintech startups that utilise groundbreaking technology to address financial inclusion by developing innovative financial services targeted at underbanked communities.