Uganda’s Tugende closes $3.6 M Series A extension to satisfy the demand for its possession finance products
Ugandan technology-enabled possession financing business Tugende today announced that it has closed $3.6 million in a Series A extension round. The financial investment, which, according to the company, was agreed on and structured in 2020, follows the $6.3 million raised in November 2020 and led by Toyota Tsusho mutual fund Movement 54. This brings Tugende’s total […] Michael Wilkerson( Tugende CEO ). Talking about clients, Tugende presently has more than 43,000 across Kenya and Uganda.Since of the nature of its service, Tugende needs a consistent influx of debt capital. Wilkerson states with the company’s long waiting list of brand-new customers, Tugende has been attempting to close new capital quick enough to keep up with this need. …
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