Pezesha Raises Seven-Figure Seed Extension From Partnership With GreenHouse Capital

  • Date: 09-Sep-2021
  • Source: The Fintech Times
  • Sector:Economy
  • Country:Middle East
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Pezesha Raises Seven-Figure Seed Extension From Partnership With GreenHouse Capital

In addition to the initial investment made by GHC, Pezesha also received on-lending liquidity support from GHC’s sister company Venture Garden Group (VGG) – a true family affair! Achieving such financing milestones will support Pezesha’s continued growth across Africa, and their new partnership with VGG and GHC will further facilitate their mission to expand access to affordable working capital for SMEs. “We are delighted to have GreenHouse Capital join the Pezesha family,” remarks Pezesha’s Founder and CEO Hilda Moraa . “We are aligned in vision as well as our commitment to solving the working capital challenges that are preventing African SMEs from achieving their full growth potential. GHC’s investment will catapult our growth by enabling us to scale our existing partnerships with the likes of Twiga Foods , Jumia , Marketforce , and Popote Pay , among others. More so, the investment will unlock our vision of building the operating system to power embedded finance in Africa” Likewise, Pezesha has also previously raised capital from Consonance and Seedstars . Delving more into the company’s mission and how they plan to utilise their new substantial funds, Pezesha is solving Africa’s $82 billion working capital and trade finance access problems by enabling