Monday, September 22, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Fintech

Ensibuuko, a Ugandan fintech, has received a $1 million seed investment from FCA Investments to help it expand across Africa

Tech Gist Africa by Tech Gist Africa
05/01/2021
in Fintech, Funding, News - East Africa, Startups, Venture Capital
0 0
0
Uganda Fintech Ensibuuko

Uganda Fintech Ensibuuko

0
SHARES
Share on FacebookShare on Twitter

FCA Investments, a global impact investor, has invested $1 million in Uganda’s leading fintech, Ensibuuko, which currently serves over 200,000 rural Ugandans with digital financial services.

Ensibuuko is a microfinance company that runs a proprietary platform designed specifically for African credit unions (SACCOs) and savings groups.

FCA Investments and Ensibuuko have set a lofty goal of expanding financial inclusion in Sub-Saharan Africa by scaling rural banking networks and digital financial services to millions of people.

After raising a pre-seed round from a group of Canadian angel investors in 2017, Ensibuuko now has a total investment of $1.6 million.

Ensibuuko’s Founder & CEO, Gerald Otim, says, “With this latest investment, Ensibuuko strengthens its competitive position in Africa’s fintech market.” Ensibuuko will be able to grow quickly in Uganda and expand into new markets thanks to the investment. Ensibuuko also plans to develop its newer digital loan and microinsurance products, which are geared toward rural customers.

Ensibuuko’s emphasis on growing consumer value and dedication to promoting last-mile financial services is praised by Emmanuel Obwori, COO of FCA Investments. He adds that Ensibuuko’s vision is in line with FCA Investments’ principles.

Ensibuuko has created digital products and services for SACCOs and savings groups since its inception in 2014, as well as the infrastructure that links them to a larger network of financial service providers such as telecoms, insurance, and banks. Ensibuuko has already established strong alliances and integrations with three of Uganda’s leading banks and microfinance institutions, as well as two of the country’s largest telecommunications firms.

Read more on Tech Gist Africa:

 

Kashat, an Egyptian fintech startup raised funding round from Cairo Angels

OKO, an insurtech startup, has raised $1.2 million in funding to provide insurance to smallholder farmers as well as to expand across Africa

AZA Finance acquires Exchange4Free to scale expansion in Africa

Okra, a Nigerian fintech startup, has raised $3.5 million in funding to expand its operations in Nigeria

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

The Invigilator South Africa
Funding

The Invigilator, a South African ed-tech startup  Raises $11 Million to Transform Remote Exam Monitoring

by Tech Gist Africa
09/12/2025
0

South African ed-tech startup The Invigilator has closed an $11 million funding round (about ZAR 195 million) to scale its...

Read more
Alibaba China

Alibaba Group Holding announced plans to raise about US$3.2 billion

09/11/2025
Intella Egypt

Intella, an Egyptian startup Scores $12.5M Series A to Power Arabic Speech AI Across MENA

09/11/2025
Kenya Japan

Kenya Secures ¥25 Billion ($169 Million) Samurai Loan from Japan to Boost Automotive and Energy Sectors

09/11/2025
REdimension Capital South Africa

REdimension Capital Secures $13.8 Million to Transform South Africa’s Proptech Landscape

09/04/2025
Next Post
Payway Ethiopia

PayWay Ethiopia has received a six-figure grant from Li-Way to create jobs through digital payments

MEST GHANA BOSEA

MEST Express Accelerator Program and Mastercard Foundation award grants to three Ghanaian startups

Meta Group Electric Vehicles KEnya

Meta Group has launched Kenya's first electric commercial delivery vans

No Result
View All Result

The Big 5

Gitex Nigeria 2025

Nigeria’s Digital Moment: Key Takeaways from GITEX Nigeria 2025

by Tech Gist Africa
09/11/2025
0

...

Itana Nigeria

Itana Opens Applications for Digital Residency Launchpad

by Tech Gist Africa
09/11/2025
0

...

Africa’s Business Heroes 2025

Africa’s Business Heroes Names 20 Finalists for $1.5M 2025 Prize

by Tech Gist Africa
09/11/2025
0

...

Innovation Process

Djezzy Launches Open Innovation Challenge 2025 to Drive Inclusive Digital Transformation in Algeria

by Tech Gist Africa
09/11/2025
0

...

Temidayo Isaiah Oniosun Nigeria

Temidayo Oniosun Launches Nigeria’s First Egusi Seeds to Space

by Tech Gist Africa
09/11/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.