# PesaChoice

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

- Industry: Financial Services
- Headquarters: Rwanda
- Website: www.pesachoice.com
- Latest round: Seed (Nov 17, 2021)
- Investors on record: 1

## About

Based in Kigali, Rwanda, and founded in 2019 by CEO Davis Nteziryayo, CTO Odilon K. Senyana, and COO Pacifique Mahoro, PesaChoice LLC, a.k.a. PesaChoice is a financial services technology company that bridges the gap between wage payments and unexpected costs for people with limited access to institutional credit. In November 2021, PesaChoice LLC raised seed funding from Norrsken22.

The company provides a mobile application that allows users to apply for micro-loans at fixed interest rates, eliminating the need to rely on predatory lenders, paperwork, and wait times to access funds. The application also enables users to access their salary in advance, however, the amount that users can withdraw will be set by the credit engine depending on their salary, and the repayment amount along with the interest charges gets deducted from users’ salary every end of the month. As of August 2022, PesaChoice has partnered with more than 20 employers, serving more than 10,000 employees. In addition, PesaChoice has also developed Midas, a human resource (HR) software that helps grow businesses by offering multiple services, including employee management, employee self-service, performance management, leave management, payroll, HR dashboards, e-recruitment, expense claims, asset management, loan management, and more.

The company plans to relocate its operations to Norrsken House Kigali once the house opens.

## Funding rounds

- Seed, Nov 17, 2021 — Norrsken22

## Investors

- Norrsken22 (https://capitalatlas.ai/funds/norrsken22) — Seed