Debt Facility FinTech Debt MEGA DEAL

$60M

Watu Credit

Kenya September 2024 East Africa

About this Deal

Watu Credit secured $60M debt facility for motorcycle and vehicle financing expansion.

Investors

Undisclosed lenders

Other Rounds by Watu Credit

Growth $50M Jun 2023

Debt Facility $30M Jun 2022

Deal Details

Amount$60M

TypeDebt Facility

InstrumentDebt

SectorFinTech

FounderMale-led

StatusClosed

Company

Watu Credit
Startup · Nairobi

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Sarova Hotels & Resorts Refreshing African hospitality since 1972

Comcraft Group / Safal Group Kenya Industrial excellence from Kenya to the world

Quickmart Limited Everyday value for every Kenyan

Naivas Limited Saves you money

Nation Media Group The media of record for East Africa

People in this Space

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Chandaria family (Manu Chandaria Founder @ Comcraft Group / Safal Group Kenya

Aga Khan Development Network Founder @ Jubilee Holdings Limited

Alibhai Mulla Jeevanjee Founder @ Standard Group PLC

Aga Khan IV (Prince Karim Al-Hussaini) Founder @ Nation Media Group

Aga Khan IV (Prince Karim Al-Hussaini) Founder @ TPS Eastern Africa PLC (Serena Hotels)

Gurcharan Singh Vohra Founder @ Sarova Hotels & Resorts

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