FSD Africa backs Fintech factoring firm

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The investing arm of FSD Africa, has invested £3 million in IMFact, a Kenyan fintech firm.

The Kenyan fintech firm

IMFact, which was founded in 2019, provides working capital to micro, small, and medium enterprises.

IMFact accomplishes this by unlocking the cash locked up in its clients’ outstanding bills and depositing it directly into their accounts.

–  TechGistAfrica

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