Details

Last Funding Type

Debt Financing

Last Funding Money Raised

Sh285M

Industries

Credit,Financial Services,FinTech,Lending

Founded date

Apr 1, 2013

Number Of Employee

251 - 500

Operating Status

Active

4G Capital has supported micro-enterprises in Africa since 2013, providing financial literacy training with working capital loans to help small businesses grow sustainably.

4G Capital clients receive a bespoke programme of business training to help them use micro-loans to achieve much higher take-home earnings. 4G Capital’s proprietorial machine learning technology delivers high fidelity insights from traditionally data dark sectors. We design scalable credit products and services optimized for clients’ business risks, timescales and affordability. Training is delivered via mobile apps and face-to-face outreach. Using only mobile money, loans are accessed in under two minutes with either smart or feature phones.

4G Capital directly addresses the Finance Gap across Africa. This stands at over $19 billion for Micro and SMEs in Kenya alone (source: IFC), even though this important segment accounts for over 30% of GDP. It is almost impossible for these companies to access credit without high collateral and data requirements. Over 30% of small businesses fail due to lack of funding.

4G Capital consistently achieves very high collections rates without collateral or refinancing its clients, by only lending to viable businesses on terms that are right for them. 4G Capital is on target to positively impact over 1 million people by 2020. With operations in Kenya and Uganda, and having received multiple industry awards, 4G Capital is now scaling across the continent and expanding its suite of products and services as Africa’s Fastest Fintech.

Key achievements to date:

· >94% collection rates without refinancing clients
· Net Promoter Score 72
· Clients increase revenues by average 82%
· 81% Women Customers
· 82% Repeat Customers
· 77% Rural Clients
· 94% Increased financial literacy
· $32M worth of loans to date
· >50 locations in Kenya and expanding in Uganda and beyond
· Partnership retail credit service plugs in to distributor systems to boost value chain sales