Company Overview
Snapshot
Founded in January 2015 by Ron Ezra Tuval, L-Pesa Micro Finance operates with 1-10 employees. The company has distributed micro-loans to over 700,000 customers and is actively expanding its financial inclusion services across Africa and India, with ambitions for Southeast Asia and Latin America. In May 2020, L-Pesa Micro Finance formed a strategic partnership with MTN Uganda to enhance financial inclusion in East Africa.
Business overview
L-Pesa Micro Finance is a Fintech & Insurtech company focused on providing automated microfinance services. The company offers mobile-based financial solutions, including micro-loans, to individuals in developing countries. L-Pesa operates primarily in Africa and India, with strategic plans to expand into Southeast Asia and Latin America, aiming to serve a broad demographic seeking financial inclusion through accessible mobile banking.
Strategic signal
In May 2020, L-Pesa Micro Finance partnered with MTN Uganda to expand mobile financial inclusion services in East Africa, targeting over 10 million people. This collaboration signals L-Pesa's strategy to leverage established mobile network operators for market penetration and scale, demonstrating a commitment to addressing financial accessibility gaps in emerging markets through strategic alliances.
Log in to access full profile ›Company Intelligence Q&A
- What is L-Pesa Micro Finance's primary business?
- L-Pesa Micro Finance provides automated microfinance services, primarily focusing on mobile banking and micro-loans to promote financial inclusion in developing countries.
- When was L-Pesa Micro Finance founded?
- L-Pesa Micro Finance was founded in January 2015.
- Which regions does L-Pesa Micro Finance currently serve?
- L-Pesa Micro Finance currently serves customers in Africa and India, with plans for expansion into Southeast Asia and Latin America.
- What was a key strategic partnership for L-Pesa Micro Finance?
- In May 2020, L-Pesa Micro Finance formed a strategic partnership with MTN Uganda to enhance mobile financial inclusion services in East Africa.
- How many customers has L-Pesa Micro Finance served with micro-loans?
- L-Pesa Micro Finance has distributed micro-loans to over 700,000 customers.