Three firms in race to buy, finance troubled Lipa Later

Lipa Later founder Eric Muli.

Photo credit: Francis Nderitu | Nation Media Group

At least three firms are in a race to acquire and finance the troubled consumer credit provider Lipa Later, with offers of up to Sh3 billion made for the firm, which is currently under administration.

Documents seen by the Business Daily show that a Canadian financial services firm Engage Capital and a Kenyan-based financial consultancy firm have expressed interest in buying the start-up, almost four months after it was placed under administration.

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