SC Ventures and Yabx Invest $10 Million in African Financing Platform Furaha

SC Ventures and Yabx have jointly invested $10 million to establish Furaha, a platform dedicated to purpose-driven financing in Africa. The collaboration combines SC Ventures’ expertise in risk management with Yabx’s advanced tech platform. Furaha's initial focus is on education financing, addressing a crucial need across sub-Saharan Africa, with Uganda as its first market.

The partnership aims to make financial solutions more inclusive, targeting underserved segments with innovative lending products. Furaha leverages AI and data partnerships to reduce costs and enhance financial inclusion. It provides affordable credit options for families struggling with educational expenses, particularly those with incomes under $500.

Furaha has launched in Uganda, partnering with local entities like Opportunity Bank, and plans further expansion across African nations. This initiative reflects SC Ventures and Yabx's commitment to impact-driven financing solutions in emerging markets.