Lipa Later, a Kenyan fintech platform that enables e-commerce, financial inclusion, and shopping on a centralized platform, has obtained exclusive approval to raise funds from the general public in the United States.
- Lipa Later is one of the first African companies to receive approval from the US Securities and Exchange Commission (SEC) to seek investment through Republic, a global financial technology company that allows individuals to invest in various ventures worldwide.
- Through Republic’s platform, Lipa Later gains access to a wide network of backers who are passionate about supporting innovative ventures with the potential for a lasting impact.
- Lipa Later, founded in 2018, aims to empower African businesses by providing consumer credit, working capital, and e-commerce solutions for merchants.
- The approval marks a significant step in Lipa Later’s journey as it aims to become a global business and the financial control center for Africa’s 50 million retailers.
- The fundraising opportunity not only offers investors a chance to make a remarkable return on investment but also serves as a catalyst for entrepreneurship, job creation, and economic development across the continent.
- Lipa Later’s goal is to bank 100,000 small and medium-sized enterprises (SMEs), further supporting the growth and expansion of businesses in Africa.