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Lipa Later
Financing for small businesses
- Category:
- Fintech
- Country:
- Kenya
- Founded:
- 2018
- Cause of Failure:
- Lack of funding
- Outcome:
- In administration
- Shut Down in:
- March 2025
- Founders:
- Eric Muli, Michael Maina
- Number of Founders:
- 2
- Number of Employees:
- 51-100
- Funding Amount:
- $16.60 M
- Last Funding Round:
- Grant
- Notable Investors:
- Lateral Frontiers, 54 Collective, GreenHouse Capital
About Lipa Later
Lipa Later was a Kenyan fintech startup that provided a buy-now-pay-later service for consumers and businesses. The startup aimed to provide a flexible payment solution for consumers and businesses in Kenya.
What went wrong?
They were unable to secure additional funding and faced significant financial challenges. There were also reports of employees not being paid for months.
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