Company profile
Fanaka Technologies Limited
Fanaka Technologies Limited (Fanaka) is a Zambia-based fintech company specialising in MSME lending and adjacent financial services. Founded in 2023 and headquartered in Lusaka, the company provides short-cycle working capital, financial literacy support and embedded insurance access to underserved micro and small businesses through a field-led digital model. Its named products include the Kula App for customers, the Zanga FE App for field teams, Fanaka Konnekt for loan and core operations, and Fanaka I.Q for credit intelligence. As of 2026, VC4A states that the company had served more than 2,300 MSMEs, disbursed 5,100+ loans and maintained repayment rates above 95%.
- Sector
- Financial services / MSME Lending
- Markets
- Uganda, Zambia
- Founded
- 2023
- Ownership
- Private
- Stage
- Startup
- Employees
- 11-50
- Business model
- B2C Financial Services, Transactional
Products and services
Kula App, Zanga FE App, Fanaka Konnekt, Fanaka I.Q
Transactions
| Date | Transaction | Type | Value | Market |
|---|---|---|---|---|
| 9 Jul 2026 | Renew Capital invests in Fanaka's operations in Zambia | Venture Capital | Undisclosed | Uganda |
Source: Partner Researchers.