FinTech | Kenya
Financial infrastructure for last-mile credit in emerging markets
What they do:
Masunga builds the operational and financial infrastructure that makes alternative credit in emerging markets scalable and investable. Its operational platform standardises credit workflows, field operations and portfolio data for lenders and distributors across energy, mobility, agriculture and other sectors. Its financing platform connects these standardized portfolios to institutional capital through repeatable, ring-fenced receivables financing structures with ongoing monitoring.
Together, Masunga supports over 80 organizations across 35 countries and has facilitated more than $250 million in credit to over 2 million borrowers.
Why we Invested:
Africa's credit gap is an infrastructure problem. The continent's MSME finance gap alone is estimated at over $300 billion, and DFIs and climate investors are mandated to deploy capital into exactly these receivables, but have no reliable way to monitor or standardise them across dozens of small lenders and countries.
Masunga's team spent a decade building and running African lending operations before building the software layer to fix this, and it shows: real adoption across dozens of originators and tens of millions in receivables already processed
The Founder:
Siten Mandalia is the CEO of Masunga, he is an engineering master's graduate and recipient of Imperial College Business School's top venture award, Siten brings over a decade of experience building technology and financing solutions for underserved markets. He leads Masunga's overall strategy and investor relationships.
Benjamin David is the CTO of Masunga, he has spent more than a decade developing scalable software and hardware for the energy access and inclusive finance sectors, including building Masunga's core PaygOps platform from the ground up. He was named to the Forbes 30 Under 30 Europe list in 2020.
Manon leads Masunga's Bridgin financing platform. She previously worked at the French Development Agency, where she managed a $1.5 billion financing portfolio in Cameroon, and now focuses on connecting standardized last-mile credit portfolios with institutional capital.
Active in:
Kenya
