Lipa Later Secures US Public Funding Approval and Closes KES 500 Million Debt Issuance

Lipa Later, a leading African fintech platform, gains approval for US public funding and successfully closes KES 500M debt issuance, furthering financial inclusion efforts.

Lipa Later Group, a leading fintech platform founded to empower African businesses to do more by enabling e-commerce, financial inclusion, and shopping on a centralized and fully integrated platform, has announced that it has received exclusive approval to raise funds from the general public in the United States. This is a significant milestone for Lipalater as it has become one of the first African companies to secure the green light from the esteemed US Regulator – SEC.

Investors worldwide will now have the chance to invest in LipaLater through Republic, a global financial technology company that allows anyone to invest in anything, anywhere. By leveraging Republic’s platform, LipaLater gains access to a worldwide network of backers who are passionate about supporting groundbreaking ventures that have the potential to make a lasting impact. This partnership enables Lipalater to amplify its mission of becoming Africa’s most expansive credit, payments, and shopping platform.

We are thrilled to offer retail investors in the US and across the world the opportunity to invest in one of Africa’s fastest-growing fintech. Our excitement is magnified as we pioneer a trend, embarking on becoming a global business and the financial control center for Africa’s 50M retailers. This marks a significant step in our journey, and we are eager to share this transformative experience with all investors. This isn’t just an investment opportunity; it’s a catalyst for entrepreneurship, a cradle for job creation, and a beacon of economic development across an entire continent, as well as an opportunity to make a remarkable return on your investment. We aim to bank 100,000 SMEs.!

Eric Muli, Group CEO, Lipa Later

Lipa Later Group also announced the successful closure of a KES 500 million privately placed Debt issuance, reaffirming our commitment to providing innovative financing solutions for our customers. This raise was supported by Rubicon Landing, a reputable transaction advisory firm, acting as the transaction advisors and KN Law, a leading legal advisory firm, acting as the Legal Advisors.

We are excited about the opportunities this funding has unlocked for merchants and consumers. We would like to extend our heartfelt gratitude to the investors and supporters for their unwavering trust in our vision. These funds have enabled us to further invest in technology and infrastructure to make our financing solutions even more accessible and convenient for our customers.

Eric Muli, Group CEO, Lipa Later

Looking Forward, we plan on raising an additional KES 2 Billion in both Equity and Debt to spur our growth further as we work towards unlocking a $500bn Financial Inclusion Opportunity in Urban Africa. This capital infusion will support our continued growth and expansion plans, enabling us to reach more customers and businesses nationwide.

Statement by Lipa Later

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