Cherehani Africa
OperatingCherehani leverages technology to provide credit bundled with market information and financial education to women micro-entrepreneurs.
- Banking
- Nairobi, Kenya
- Seed
- Founded 2015
- cherehani.org ↗
- Total raised
- $440K
- disclosed
- Last round
- $240K
- Seed
- Rounds
- 2
- since 2015
- Investors
- 5
- on record
- Employees
- 1-10
About Cherehani Africa
We leverage mobile to provide credit and to distribute tailored financial literacy content to women and adolescent girls who own micro-enterprises in Africa. Our customers are members of locally registered groups of between 10-25 members based on their business type (mostly common business type in close proximity). The loan products are issued to individuals but membership and continued participation in the registered groups is a prerequisite. 'Cherehani' is the Swahili name for sewing machine
Cherehani Africa funding2 rounds
All 2 rounds →Cherehani Africa has raised $440K across 2 disclosed rounds. The latest is a $240K Seed announced 16 Apr 2018, led by DFS Lab.
- $200KGrantGrant, $200K, $200K raised to date
- $240KSeedSeed, $240K, $440K raised to date
SLA Funding Index · grey is capital raised before each round
Who has invested in Cherehani Africa
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 16 Apr 2018 | Cherehani Africa Seed | DFS Lab | $240K |
| 16 Jun 2017 | Cherehani Africa Grant | Citi Foundation +3 | $200K |
Cherehani Africa founders & team
- Wesley OwitiCEO & Co-Founder
- Nasreen AliCo-Founder & CFO
Cherehani Africa competitorssame sector · similar funding
- ShahryCairo, Egypt
- Moni AfricaLagos, Nigeria
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Frequently asked about Cherehani Africa
- Where is Cherehani Africa based and when was it founded?
- Cherehani Africa is headquartered in Nairobi, Kenya and was founded in 2015.
- Who founded Cherehani Africa?
- Cherehani Africa was founded by Wesley Owiti (CEO & Co-Founder) and Nasreen Ali (Co-Founder & CFO).
- Who is the CEO of Cherehani Africa?
- Wesley Owiti is Cherehani Africa's CEO & Co-Founder.
- How much funding has Cherehani Africa raised?
- Cherehani Africa has raised $440K across 2 disclosed rounds. Its latest, a $240K Seed, was announced on Apr 16, 2018.
- Who has invested in Cherehani Africa?
- Backers include DFS Lab, Citi Foundation, Levi Strauss & Co., Spring Accelerator and 1 other.
- What sector is Cherehani Africa in?
- Cherehani Africa operates in Banking, Education and Financial Services.
