Zidisha

Founded in 2009 in Virginia Beach, US, Zidisha operates as a peer-to-peer lending platform designed to connect lenders with entrepreneurs in developing regions. The company was co-founded by Amar Deep and Julia Kurnia, who have a background in innovating financial solutions for underserved markets.Zidisha offers a unique platform that facilitates direct and transparent peer-to-peer lending, connecting individual lenders with low-income entrepreneurs in developing countries. The platform emphasizes transparency and accountability, enabling lenders to see exactly how their contributions are being utilized by borrowers through detailed project descriptions and updates. Zidisha primarily serves entrepreneurs in countries such as Kenya, Ghana, and Burkina Faso, providing them with essential capital to invest in their businesses and improve their livelihoods.Zidisha generates revenue through a model that focuses on voluntary donations from lenders rather than traditional interest rates on loans. This structure encourages a community-driven approach to lending, where lenders can contribute any amount they choose without the pressure of profit-driven motives. Zidisha’s operational costs are managed through the goodwill of its community, allowing it to maintain a low-cost structure while providing valuable services to both lenders and borrowers.12 million received in January 2014 to enhance its platform and expand its reach into new markets. While specific new products and their launch dates have not been disclosed, the company aims to grow its user base in African countries beyond its current operations, continuing to focus on facilitating access to finance for low-income entrepreneurs. Future growth is expected to revolve around increasing community engagement and enhancing the platform's capabilities to support more borrowers and lenders alike.

1. Seed

   Jan 1, 2014

   Amount

   $0.1M

   Investors

   Locked