Shara
Grow your business with Shara financing.
Lagos, Nigeria · Founded 2020 · $64K raised
- Headquarters
- Lagos
- Employees
- 11–50
- Founded
- 2020
- Business Model
- B2B
- Website
- shara.co
- Total Funding
- $64K
- Last Round
- $64K SeedJan 2017
- Rounds
- 1
About
Shara is a merchant-focused transaction finance company operating in Nigeria and Kenya that helps small and medium-sized businesses grow by extending collateral-free, recurrent financing to their most trusted customers. Merchants use Shara platform to offer point-of-sale installment financing, enabling buyers to purchase goods and repay over time while the merchant receives funds upfront. The company acquired Maisha Microfinance in 2023 to deepen its financial services footprint, and by 2026 was reportedly in acquisition talks with Nigerian digital bank FairMoney. Since its founding in 2020, Shara has disbursed loans to thousands of merchants across Nigeria, positioning itself as a more accessible and transparent alternative to traditional banks and microfinance institutions.
Summary
Shara is a Financial Services company based in Lagos, Nigeria, founded in 2020. It has raised $64K in total across 1 round, most recently a $64K Seed round in Jan 2017. Investors include Canaan Partners, Formus Capital and Index Ventures.
Tech & App Stack
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Funding History
Jan 2017
Investors
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