SA’s Kuunda completes $5m secondary share sale led by E4E Africa

What happened

South African digital lending infrastructure startup Kuunda has completed a US$5 million secondary share sale led by E4E Africa, returning capital to early investors while bringing the investment firm on board as a larger long-term shareholder. Established in 2018, Kuunda is a B2B digital lending-as-a-service company that provides tailored liquidity solutions built through meaningful collaborative [...] The post SA’s Kuunda completes $5m secondary share sale led by E4E Africa appeared first on Disrupt Africa .

Disrupt Africa reported in October last year that the startup had raised a US$7.5 million pre-Series A round of funding, with E4E Africa among the participants alongside the likes of Portugal Gateway Fund, Seedstars Africa Ventures, 4Di Capital, Accion Ventures, and Nedbank. Established in 2018, Kuunda is a B2B digital lending-as-a-service company that provides tailored liquidity solutions built through meaningful collaborative partnerships.