Kenyan BNPL startup Watu profits drop 85% to $1.2 million as loan defaults rise
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.
Zeepay secures equity investment for expansion.
Zeepay Ghana Ltd has secured an equity investment from Africa50, Oikocredit, Injaro, Verdant Capital Hybrid Fund, and I&P. The investment will fuel Zeepay's expansion across Africa and the Caribbean.
