# Paylend

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paylend

- Industry: Financial Services
- Headquarters: Nairobi, Kenya
- Website: www.paylend.africa
- Total disclosed funding: $2M
- Latest round: Seed (Dec 21, 2021)
- Investors on record: 2

## About

Founded in 2019 and based in Nairobi, Kenya, Paylend Ltd opertaes a financial platform that provides microloans. In December 2021, Paylend Ltd raised KES 225 million in seed funding led by new investor Next Chymia Consulting HK Limited, with participation from another new investor Adanian Labs.

The company's platform helps businesses in accessing affordable credit, allowing them to have liquidity and thus ensuring business continuity. The company develops online fundraising resources to help organizations. Paylend’s model also enables consumer data collection that allows an understanding of consumer needs which creates value for the SMEs ecosystem.

The company plans to use the funding for its operation in the Kenyan market and open new markets in Tanzania, Zambia, and Nigeria as part of its next 3 years growth plan.

## Funding rounds

- Seed, Dec 21, 2021, $2M — Next Chymia Consulting HK Limited, Adanian Labs

## Investors

- Next Chymia Consulting HK Limited — Seed
- Adanian Labs (https://capitalatlas.ai/funds/adanian-labs) — Seed