Tanda has secured funding from investors in a funding round led by HAVAÍC, Zedcrest Ventures, DFS Lab and Victor Asemota. Tanda is an agency banking platform that allows shop owners to access inventory on credit and become access points for essential services such as airtime, utility payments, banking and insurance services for their customers. The startup was established in 2018 and now has a network that supports 58 banks, telecommunications companies, over 12,000 merchants and over 300,0000 customers among many others. The funding will be used to expand its services in the East Africa region. The equity funding amount or the stake acquired was not disclosed.
HAVAÍC is an investment and advisory firm that specialises in investing and supporting early-stage, high-growth post-revenue African businesses driven by technology with global prospects. Zedcrest Ventures supports early-stage startup teams in Africa, Asia, Europe and other parts of the world and focuses on pre-funding stage projects that have the potential for huge impact. DFS Lab invests in founders building the future of digital commerce in Africa by supporting promising early-stage startups. Victor Asemota is an entrepreneur based in Nigeria who founded SwiftaCorp a pioneering African software and technology services group with subsidiaries and operations in over 14 African countries. He is also the co-founder of MFISA a unique African Mobile Financial Services Accelerator that has powered a number of payment platforms around Africa.