The Neobank Providing Financial Inclusion Tools

4G Capital | Neobank Providing Financial Inclusion Tools | Plug-and-Play | Fintech

Kuza is a plug-and-play financial tool that allows distributors to stock enterprises using 4G Capital’s (neobank providing financial inclusion tools) credit instead of traditional cash on delivery. Partnerships with P&G, Diageo, and other companies that have adopted the service have proven to be successful.

4G Capital is a neobank founded in 2013 by Wayne Hennessy-Barrett, CEO, that offers clients specialized business training programs and credit assistance through mobile applications and in-person at a countrywide network of locations. Over 700 people work for the firm in Kenya and Uganda. Since its founding in 2013, the company has approved more than 1,750,000 small business working capital loans totaling more than $230 million. It serves approximately 240,000 clients, 81 percent of whom are women and 77 percent of whom are rural micro and small business owners.
In East Africa, 4G Capital is already ramping up and extending its product and service offerings.

Features

• Training and Credit
  They provide 100% unsecured business loans to help businesses thrive. Loans are right-sized, risk-based, rate-capped, and designed to ensure that each client’s take-home earnings increase, allowing them to expand their business and gain access to essential services.
• Merchant Finance
• Retail Finance
  Through its smooth IT connection, 4G Capital works with FMCGs, distributors, and other aggregator partners to provide retail loans to their clients.
• Business Education
  Business training is provided through a progressive curriculum developed in collaboration with clients and accessible via digital, phone, or face-to-face methods.

In short, 4G Capital’s Mission is to provide innovative financial inclusion tools to catalyze growing businesses and markets.

To read about more companies in the Fintech domain, click here.