Kuanda Completes $5 Million Share Sale Led by E4E Africa

South African digital lending infrastructure startup Kuanda has successfully concluded a $5 million secondary share sale, with E4E Africa leading the transaction. This move returns capital to early investors while strengthening E4E’s position as a long-term shareholder.

About Kuanda

Established in 2018, Kuanda operates as a B2B lending-as-a-service provider. They specialize in creating tailored liquidity solutions through strategic partnerships with mobile money operators, POS network providers, e-commerce platforms, and banks. By integrating credit products into existing digital ecosystems, Kuanda leverages data-driven scoring to extend financing to agents, merchants, and consumers across emerging markets.

Key Highlights of the Transaction

• The secondary sale was led by E4E Africa with participation from Accion Ventures, Portugal Gateway Fund, and Seedstars Africa Ventures
• Existing investors increased their positions in this round
• Kuanda’s infrastructure has now disbursed over 870 million loans totaling $4.4 billion to 14.6 million users
• The company operates across five markets with plans to expand into seven more

Significance of the Deal

This secondary market transaction demonstrates that African fintech companies can generate returns for shareholders before an IPO or acquisition—a notable achievement for Kuanda and its investors.

Andrew Milne, CEO of Kuanda, stated: “This is an important milestone reflecting the strength of our business—profitable, scalable lending infrastructure serving millions across Africa. We’re grateful to our early backers and excited to grow with a strong shareholder base.”

Bas Hochstenbach from E4E Africa added that Kuanda effectively utilizes technology, distribution channels, and banking partnerships to deliver essential financial services where traditional institutions fall short.