The startup says the funding will accelerate product development and customer acquisition as it prepares to meet growing demand for flexible, decentralised energy infrastructure.
The Cairo-based fintech plans to deepen its technology stack, expand regionally, and build out fuel and maintenance infrastructure for commercial fleets.
The fund will also support ecosystem development, from policy engagement and evidence generation to cross-sector convening, in order to accelerate market adoption.
Founded in 2020 by Kaoru Kaganoi and co-founder Zachary Petroni (former Safeboda Kenya operators), Peach emerged from years of lived experience in sub-Saharan Africa.
The fund will also support ecosystem development, from policy engagement and evidence generation to cross-sector convening, in order to accelerate market adoption.
Founded in 2020 by Kaoru Kaganoi and co-founder Zachary Petroni (former Safeboda Kenya operators), Peach emerged from years of lived experience in sub-Saharan Africa.
The move, which sees Yellow Card and Visa collaborating on stablecoin use cases in Africa and other emerging markets, is billed as a step forward for financial inclusion.
