Huge opportunity to be the financial control centre for Africa's 50 million retailers.

• Our bank provides a one stop centre for retailers to sell and transact both online and offline.
• We serve as a credit provider for both merchants and their consumers.
• Consumers can utilise our Buy Now Pay Later solution while merchants can access working capital solutions.
• Access to credit is the biggest challenge faced by Africa's 50million SMEs in their day to day business operations. 
• Only 5% of Africans have access to credit cards or any form of credit

We are a bank that allows merchants to sell online and offline from one platform and utilise transaction data to access credit. 

• Lipa Later started by connecting merchants and consumers through a consumer led BNPL platform. We have utilized our retail and credit expertise to expand our offering and graduate into a merchant bank.

We are a profitable business with 558% growth YOY.

• Listed by Financial Times as one of the fastest growing companies in Africa in 2023
• 350,000+ Customers and 30k merchants
• Exclusive partnership with Mastercard for POS financing in East Africa.
• Operational in four markets; Kenya, Uganda, Rwanda and Nigeria.
• Acquired East Africa's leading e-commerce platform, Sky.Garden
• $4 CAC and $ 300 LTV
• 65% of customers are acquired at zero cost
• We have built a world class merchant portfolio with brands such as Walmart and Carrefour.
• $20M Facilities originated across different online and offline merchants.

Our goal is to bank 100,000 SMEs in Africa and earn $20M in revenue by end of 2024...

Lipa Later generates revenue through four different revenue touchpoints that allow us to generate approximately 50% margin on a unit cost basis 

• Commissions and Fees - Lipa Later enables merchants to sell online (through our leading e-commerce platform Sky.Garden) and offline through our robust and state of the art Point of Sales system. Our fees generated for this range between 5% - 15% per transaction carried out on these platforms. 
• Interest - We are a credit partner to our merchants and consumers; our merchants and consumers access credit through Lipa Later (based on existing transactional data). Our customers pay in the range of 4%-10% based on their respective risk profiles. 

Lipa Later wants to be the financial control centre for Africa's 50 million SMEs.

We have built a diverse team of venture builders who have built across the world.

Team