IMFact, a Kenyan fintech focused on supply chain financing for microbusinesses and SMBs, recently received a $4M from FSD Africa Investments. The Finctech’s business model is a “pooled receivables” factoring platform, differing from the invoice discount style offered by competitors. The pooled invoice model means IMFact buys invoices in bulk from businesses for cash and deferred payments. The company estimates it will provide an estimated $638M to 570 businesses in the next five years.
Kenya’s Supply Chain Financing FinTech IMFact Nets $4M
