This Kenyan Serial Entrepreneur Created A Payment Option That Greatly Increases Consumers’ Purchasing Power With A Tech-Driven Formula For Growth

This Kenyan Serial Entrepreneur Created A Payment Option That Greatly Increases Consumers’ Purchasing Power With A Tech-Driven Formula For Growth

Meet Eric Muli, Founder and Group CEO at Lipa Later Group.

Lipa Later Group is a risk free, payment option that allows consumers to purchase goods and services in monthly instalments.

It’s overall mission is to enable people to live affordably by increasing the purchasing power of millions of Africans across the continent.

Since 2018, the platform has extended its offers to cover other retail options such as electronics, furniture, home appliances, it has also served more than 200,000 customers and delivered a yearly growth rate of about 100 percent.

The $12-million capital financing, which brings the startup’s total funding to about $16 million to date, will be deployed to expand operations within its current markets (Kenya, Uganda, Rwanda) and into new markets such as #Nigeria, #Ghana and #Tanzania.

Source:Charles Ayitey|LinkedIn

Email: elora.akpotosevbe@yahoo.com