Zanifu

We provide stock financing for MSMEs in Africa

Nairobi, Kenya · Founded 2017 · $12.2M raised

Headquarters
Nairobi
Employees
11–50
Founded
2017
Business Model
B2B
Website
zanifu.com
Total Funding
$12.2M
Last Round
$11.2M Corporate RoundJan 2025
Rounds
4

About

Zanifu is a Kenyan fintech company that provides inventory-based stock financing and working capital to micro, small, and medium-sized enterprises (MSMEs) across Africa, with a primary focus on informal retailers known as dukas. Founded in 2017 by Steve Biko and Sebastian Kilimo, Zanifu addresses the $20 billion SME financing gap in Kenya by offering 30-day inventory loans disbursed directly to distributors rather than borrowers' wallets, ensuring funds are used exclusively for restocking. The platform connects retailers with distributors through a mobile app, enabling faster restocking cycles, improved cash flow for distributors, and sustainable credit access for retailers. Zanifu has expanded to multiple regions across Kenya including Coast, Eastern, Mt Kenya, Meru, Naivasha, Nakuru, South Rift, and North Rift. Backers include Yango Ventures, Beyond Capital Ventures, Launch Africa Ventures, and Variant Investments.

Summary

Zanifu is a Fintech company based in Nairobi, Kenya, founded in 2017. It has raised $12.2M in total across 4 rounds, most recently a $11.2M Corporate Round round in Jan 2025. Investors include Saviu Ventures, Yango Ventures and Beyond Capital.

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Funding History

Corporate RoundCorporate RoundJan 2025

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