Dar es Salaam-based fintech Kuunda has raised $7.5 million in pre-Series A funding to expand its embedded working-capital solutions across African and South Asian markets.

The Deal

The round attracted both repeat investors and new institutional backers, signaling confidence in Kuunda's B2B2C model.

• Portugal Gateway Fund led the round alongside Seedstars Africa Ventures
• Existing backers 4Di Capital and Accion Ventures doubled down
• Strategic investors Nedbank and E4E Africa also participated

Why It Matters

Kuunda operates as infrastructure for financial institutions, enabling banks and fintechs to offer credit products without building the technology themselves.

• Tanzania's credit-to-GDP ratio remains below 15%, compared to 50%+ in developed markets
• Embedded finance is projected to be a $7 trillion global market by 2030
• Traditional banks struggle to serve the long tail of SME borrowers profitably

Company Background

Founded in Tanzania, Kuunda provides APIs and white-label solutions that help financial institutions disburse working capital loans to underserved segments.

• Has facilitated over $3 billion in total loan disbursements
• Currently helps partners distribute $100 million monthly to 2 million users
• Operates across Tanzania, Kenya, Uganda, Malawi, Mozambique, and Pakistan

What's Next

Kuunda plans to deepen its footprint in existing markets while exploring opportunities in francophone Africa and additional Asian countries.

• New product lines targeting micro-merchants in 2026
• Technology upgrades to reduce loan decision times to under 30 seconds
• Partnerships with two additional Tier 1 banks in negotiation