London, UK — October 13, 2026 — Kuunda, a digital lending infrastructure company expanding access to credit across Africa, today announced the completion of a $5 million secondary share sale led by E4E Africa. Existing investors Accion Ventures, Portugal Gateway Fund, and Seedstars Africa Ventures increased their positions.
The transaction gives early investors a meaningful return while bringing in an aligned, long-term shareholder base to back Kuunda through its next phase of growth. It also demonstrates that African fintech companies can generate liquidity for shareholders well before an IPO or acquisition.
“This is an important milestone for Kuunda and our investors,” said Andrew Milne, CEO of Kuunda. “Delivering a successful secondary at this stage reflects the strength of the business we’ve built profitable, scalable lending infrastructure serving millions of people across Africa. We’re grateful to our early backers and excited to grow with a strong, aligned shareholder base.”
Bas Hochstenbach, Managing Partner at E4E Africa, said: “We are excited to expand our position in Kuunda through this transaction. Kuunda is an exceptional company, using technology, distribution and banking partnerships to deliver essential financial services where traditional institutions can’t reach — building a very healthy and fast-growing business while offering much needed products at fair prices to African small businesses and consumers.”
Kuunda’s digital lending infrastructure has disbursed more than 870 million loans, delivering over $4.4 billion in credit to 14.6 million agents, merchants and consumers across Africa. Working in partnership with mobile money operators, banks and other distribution partners, Kuunda gives underserved users access to the liquidity they need for everyday transactions through technology-enabled lending and embedded finance. The company operates in five markets, with launches planned in seven more, and continues to grow while building sustainable, profitable financial products.
About Kuunda
Kuunda is a technology-enabled digital financial infrastructure platform focused on expanding access to credit and financial inclusion across Africa. Through partnerships with mobile money operators, bill payment aggregators, point-of-sale network providers, e-commerce platforms, banks and other financial institutions, Kuunda delivers innovative lending and embedded finance solutions that help consumers, agents and businesses access the financial tools they need to grow.
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Media Contact:
ethan@kuunda.com
www.kuunda.com
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Disclaimer: Kuunda is a portfolio company of a fund managed by Accion Impact Management. This communication relates to a portfolio company transaction and is not intended as an advertisement for any fund or investment strategy. Any references to investor returns relate solely to this transaction and should not be viewed as representative of the performance of any fund, account, or investment strategy. Past results are not indicative of future results.