Debt Facility FinTech Debt

$10M

Tugende

Uganda January 2022 East Africa

About this Deal

Tugende secured $10M debt for asset financing.

Investors

Lead: Toyota Tsusho

Toyota Tsusho Global Partnerships

Other Rounds by Tugende

Growth $15M Jun 2022

Deal Details

Amount$10M

TypeDebt Facility

InstrumentDebt

SectorFinTech

FounderMale-led

StatusClosed

Company

Tugende
Startup · Kampala

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Madhvani Group East Africa's oldest family empire

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Ricky Thomson Founder @ SafeBoda

Emmanuel Katongole Founder @ Quality Chemical Industries

Simpson Birungi Founder @ Movit Products

Andrew Rugasira Founder @ Good African Coffee

Sudhir Ruparelia Founder @ Ruparelia Group

Sikander Lalani Founder @ Roofings Group

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