From rural Kenya to the Earthshot shortlist: Pula CEO Thomas Njeru reveals to Launch Base Africa how the profitable agtech reached 24 million farmers and why impact and profitability are not mutually exclusive.
The fund is targeting a total raise of $200 million and is designed to address a critical financing gap faced by African SMEs, particularly those navigating challenging macroeconomic conditions.
African credit-focused fintechs, whose business models require substantial capital for their lending portfolios, are finding public debt markets increasingly attractive.
The decision reflects broader trends in African healthtech, where investors are increasingly prioritizing scalable, revenue-generating ventures over early-stage experiments.
Adding fuel to the fire, regulators were reportedly incensed by Paystack’s public launch event, “An Evening with Paystack,” which one CBN insider described as “a slap in the face of the regulator.”
From rural Kenya to the Earthshot shortlist: Pula CEO Thomas Njeru reveals to Launch Base Africa how the profitable agtech reached 24 million farmers and why impact and profitability are not mutually exclusive.
