Transaction

E4E Africa leads USD 5 million secondary investment in Kuunda

Announced

13 October 2026

Target

Kuunda Ltd

Value

$5m

Asset class

Venture Capital

Type

Investment, Exit

Instrument

Ordinary Shares (Equity)

Lead investors

E4E Africa Ventures (Pty) Ltd

Investors

E4E Africa Ventures (Pty) Ltd, Seedstars Africa Ventures, Portugal Gateway Fund, Accion Ventures

Sector

Financial services / MSME Lending

Markets

Zambia, Tanzania, Côte d'Ivoire, Mauritius, Uganda, Malawi, Kenya, Mozambique, South Africa

About the target

Kuunda Ltd is a fintech company founded in January 2018, operating primarily in emerging markets across Africa. The company specialises in providing dynamic embedded financing solutions, focusing on liquidity products and services designed to support economic productivity for agent networks, small businesses, and consumers. Kuunda's flagship product includes the Hapa Cash liquidity management platform, which offers an agent overdraft service to improve liquidity for mobile money agents and micro-merchants. In December 2021, Kuunda secured a $2.25 million seed investment from Accion Venture Lab, Finca Ventures, Launch Africa, Seedstars, Mercy Corps Ventures, Greenhouse Capital, Kepple Africa Ventures, Future Africa, The Magic Fund, and other fintech angel investors to expand its operations and enhance financial inclusion in underserved markets. As of 2022, Kuunda's headquarters is located in Mauritius, and the company continues to develop solutions that address liquidity challenges in emerging economies.