South Africa’s Orderin, Kenyan fintech Zanifu collect VC cheques

 South Africa’s Orderin, Kenyan fintech Zanifu collect VC cheques

South African delivery-as-a-service (DaaS) startup Orderin has raised ZAR70 million ($4.7 million) in a pre-Series B funding round from a set of investors.

The eight-year-old firm, which provides delivery services for QSR chain McDonald’s and retail chain Pick n Pay, didn’t name the investors. But it said that its chairman Lutz Mieschke, who runs an investment firm in Switzerland, is one of the key shareholders.

Thembani Biyam, CEO of Orderin, said, “Driving the growth and development of infrastructure will not only improve last mile delivery and make it more accessible for businesses. This applies especially to SMEs who can find it difficult to compete with larger enterprises on this point, but can also usher in a new future of e-commerce.”

Zanifu

Kenyan fintech Zanifu has scooped up $1 million in an oversubscribed seed funding round from existing backer Saviu Ventures. Launch Africa Ventures, Sayani Investments and angel investors from Kenya and Nigeria pitched in, too.

The four-year-old venture was founded by Steve Biko and Sebastian Mithika. It offers short-term working capital loans to MSMEs in the FMCG supply chain.

It claims it has already disbursed over 85,000 loans worth over $13 million to over 7,000 MSMEs in Kenya.

Zanifu is now planning to expand into other markets including Ghana and Uganda with the target of doubling its MSME client base by the end of the year.

Vivek Sinha

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