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PAYG company Yellow: two years credit at 36% interest p.a.

The SA company got a subsidy from USAID of $1-million. Additionally to €2-million loan  from crowdfunding platform Trine the company now raised $725 000 raise from local and international investors.

So far the startup has installed 7500 such devices in Malawi (against a serviceable market that he estimates to be two million) and aims to begin operating in Uganda (which he reckons has a serviceable market of about seven million customers) by January next year.

Read more: ventureburn

 


 

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