Japan’s Linda Pesa raises $230K to give financial access to SME owners in Tanzania

Image credit: Linda Pesa

Tokyo- / Tanzania’s Dar es Salaam-based Linda Pesa, the Japanese startup developing a business management app for small businesses in Tanzania, announced on Friday that it has raised approximately 30 million yen (about $230,000) in its first and latest round. Participating investors are East Ventures, Marui Group (TSE: 8252), Skylight Consulting, and 01Booster Capital.

The company was founded back in March of 2022 by Ayu Yamaguchi who previously worked at Wassha, the Japanese startup offering power supply and other services for off-grid Africa by harnessing local kiosks, and its joint venture with Daikin offering subscription-based air conditioner rental business focused on the region.

In Africa, many small business owners still rely on handwritten notes for business management. The company give small business owners a mobile app to help them digitize their business management proocess. By offering credit histories collected from the app to stakeholders, the company helps these owners access financial markets such as loan and investment services.

via PR Times