Asante Financial Services

Asante Financial Services Group is a credit-led neobank for MSMEs in Africa, operating across Kenya, Uganda, Rwanda, and Nigeria. The company supports MSMEs with two business lines: ecosystem-based lending (where it lends to participants in established business ecosystems like SOLV Kenya) and a NeoBank offering. Asante closed a Series A first tranche of USD 7.5 million from Goodwell Investments uMunthu Fund, Sorenson Impact Foundation, and Forsage Holdings. The companys partnership with SOLV Kenya (a Standard Chartered subsidiary) committed a USD 10 million credit line for the pilot phase, providing alternative credit scoring and working capital to enrolled MSMEs. Asante targets operations in 10 countries with 2 million MSME clients by 2025.