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Kenyan BNPL startup Watu profits drop 85% to $1.2 million as loan defaults rise
TechCabal - May 22, 2025
Watu Holdings reported an 84% drop in profit to $1.2 million in 2024. The decline in profit is linked to rising loan defaults in core markets like Kenya, Uganda, and Sierra Leone.
Verdant CapitalWatu HoldingsCar & GeneralGateway PartnersFMO
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