Landmark approval for public fundraising in US secured by Kenyan fintech platform Lipa Later

Exclusive permission to raise funds from the general public in the United States (US) has been granted to Kenya’s Lipa Later, a fintech platform created to empower African businesses to do more by enabling e-commerce, financial inclusion, and shopping on a centralized and fully integrated platform.

2018 saw the launch of Lipa Later, a platform that enables e-commerce, financial inclusion, and shopping on a single, fully integrated platform with the goal of empowering African businesses to do more. The start-up provides merchants with working capital, consumer credit, and e-commerce solutions.

It is now among the first African businesses to receive approval from the Securities and Exchange Commission of the United States (SEC) to make an investment pitch through Republic, a global financial technology company that enables anyone to invest in anything, anywhere. By utilizing Republic’s platform, Lipa Later has access to a global network of backers who are enthusiastic about assisting ground-breaking projects with the potential to have a significant, long-term impact.

“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 50 million retailers,” said Lipa Later CEO Eric Muli.

“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.”