Lender 4G Capital Raises KES 2.1 Billion, Seeks To Boost Reach in Kenya and Uganda

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4G Capital, an African neobank, has completed its Series C funding round with Lightrock, the leading global private equity fund, investing $18.5  million dollars.

Since its inception in 2013, 4G Capital has loaned over 1,750,000 small business working  capital loans valued at over $230 million.

The company has over 240,000 clients, 81% of whom are female,  with 77% running micro and SME enterprises in rural areas. 


The investment will allow 4G Capital to scale its last-mile finance and enterprise training solutions to micro and small enterprises (MSEs) in Kenya and Uganda, expanding its use of digital channels and data science to complement its hybrid ‘touch-tech’ approach.

The company will expand its Kuza retail finance service  to help store-owners, FMCGs and distributors boost their sales.

Kuza is a pure fintech plug-and-play  service, allowing distributors to stock entrepreneurs using 4G Capital’s credit, rather than traditional cash on delivery.

Partnerships with P&G, Diageo and other brands adopting the service have proven highly  successful. 

4G Capital provides 100% unsecured business loans for business growth, along with enterprise training, and access to digital solutions.

The company blends client-centric relationship management with  proprietary AI technology to minimise default risk.

4G Capital’s clients maintain high repayment rates  (around 94%) without the need for refinancing; on average customers increase their annual revenue by  82%.

One of the world’s top 10 Finance B-Corporations, 4G Capital has positively impacted over one  million people to date. 

4G Capital prides itself as a leader among the impact investment sector delivering robust, tangible results. 

Supporting low-income entrepreneurs on their pathway to formality, 4G Capital enables traditionally excluded groups to better access education, healthcare and improved living standards as their take-home income grows.

4G Capital’s focus on growing value chains from the bottom up means its model has the potential to scale in communities across Africa and wider global emerging markets.  

Besides, 4G Capital protected its customers at the onset of the COVID-19 crisis by continuing to lend throughout  the pandemic.

4G Capital reduced prices by 10%, waived all penalty fees for all historical clients, provided  Covid health insurance cover with partner company Turaco, and distributed free masks and sanitisers  through its branch network.


The company’s highly scalable and capital-efficient model has meant that in return for $9 million raised  from 2016 to 2020, the company has loaned over $230 million.

“We are delighted to partner with Lightrock to further our financial inclusion mission,” said Wayne  Hennessy-Barrett, CEO and Founder of 4G Capital. “Lightrock and 4G Capital share a complete alignment of purpose and mission. They bring unrivalled experience of Africa and emerging markets. This capital will have a transformative effect in enabling us to scale the best products and services to the world’s most  important sector.”


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Kenn Abuya is a friend of technology, with bias in enterprise and mobile tech. Share your thoughts, tips and hate mail at [email protected]