Platform Capital, a Nigerian venture capital firm has invested in Lipa Later, a fintech consumer credit platform in East Africa. Lipa Later uses data analytics to provide East African consumers with access to convenient and affordable credit. The platform allows consumers to own goods and while paying them off in affordable and flexible monthly installments. Lipa Later has over 500 partners in Nairobi, Mombasa, Kisumu (Kenya) and Rwanda that assist in rolling out its consumer credit platform to customers.
Platform Capital is a growth markets focused, sector agnostic, principal investment and advisory firm. The firm deploys patient, value accretive capital alongside international and local value investors to create champion businesses with the potential for regional or global scale. Platform Capital also provides end-to-end bespoke corporate finance and capital markets advisory services. The amount invested or stake acquired was not disclosed. The venture capital firm is based in Nigeria, https://theplatformcapital.com/home/