Backed by $1 million, Zazu is building a Mercury-style banking experience for African SMEs
- Zazu raised $1 million in pre-seed funding to accelerate its rollout in South Africa and Morocco.
- The funding round included participation from Plug and Play Ventures and several fintech founders.
- Zazu aims to solve the funding gap affecting Africa's SMEs, estimated at over $330 billion.
Zazu's approach to addressing the funding gap for SMEs in Africa is commendable, as it not only provides essential banking services but also integrates various financial tools into a single platform. This could significantly enhance operational efficiency for SMEs, which are crucial for the continent's economic growth. However, the success of Zazu will depend on its ability to navigate regulatory challenges and effectively scale its operations across diverse markets.
