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Digital lender MyCredit gets Sh387m funding to expand across Kenya
A MyCredit Limited staff (left) engages with a client at their exhibition stand during the 3rd Private Schools Expo and Conference at Sarit Expo Centre in Nairobi on November 29, 2024.
Digital loans provider MyCredit Limited has raised $3 million (Sh387 million) in funding to expand its loan, guarantee, and insurance services in Kenya.
MyCredit said the capital is a senior debt issue from the Netherlands-based Triodos Investment Management. Senior debt is the highest-priority loan that a company must repay in bankruptcy to minimise risk. Kenya-based transaction advisory firm Noblestride Capital closed the deal.
