Rwandan Fintech Kayko Raises $1.2M Seed to Digitize Informal Merchants, Unlock Lending Access
- Kayko secured USD 1.2 million in seed funding.
- The funding round included participation from Burrow Capital, LuxDev, Hanga Ignite, and develoPPP Ventures.
- Kayko serves over 8,500 small and medium-sized enterprises in Rwanda.
Kayko's innovative approach to digitizing financial operations for SMEs in Rwanda is commendable, as it addresses a significant gap in access to finance. The potential for improving creditworthiness assessments through data infrastructure could revolutionize lending practices in the region. Continued support and investment in such fintech solutions are crucial for fostering economic growth.
