Mighty Finance Solution logo

Mighty Finance Solution

Operating

Empowering SMEs with simplified funding access across Africa

Updated Source: SLA Startup IndexHow we verify →
Total raised
$100K
disclosed
Last round
$75K
Grant
Rounds
3
since 2021
Investors
3
on record
Employees
2-10

About Mighty Finance Solution

Mighty Finance Solution provides effortless borrowing for MSMEs in Zambia and promotes financial inclusion through digital financial services. They use technology to simplify the loan application process and make instant decisions to transfer funds within hours. They offer loans to people with less-than-perfect credit histories, promoting fairness and a wider range of borrowers. Their services include paperless consumer loans, direct debit loan repayments, and application-based loan approvals.

Mighty Finance Solution funding3 rounds

All 3 rounds →

Mighty Finance Solution has raised $100K across 3 disclosed rounds. The latest is a $75K Grant announced 26 Jan 2024, led by Village Capital.

Capital growthrunning total of disclosed rounds
  1. $25KPre-seedPre-seed, $25K, $25K raised to date
  2. $75KGrantGrant, $75K, $100K raised to date

SLA Funding Index · grey is capital raised before each round · 1 undisclosed round not drawn

AnnouncedRoundLead · investorsAmount
26 Jan 2024Mighty Finance Solution GrantVillage Capital$75K
10 Aug 2023Mighty Finance Solution Non-equity AssistanceThe Future is Female Mentorship ProgrammeNot disclosed
04 May 2022Mighty Finance Solution Pre-seedThe Baobab Network$25K

Mighty Finance Solution founders & team

Mighty Finance Solution competitorssame sector · similar funding

  • Mangwee

    Mangwee is a safe and secure electronic wallet service, available in many parts of Zambia through a network of outlets and agents. · Zambia

  • Lupiya

    Lupiya is a FinTech startup providing financial services to individuals, small businesses & female micro entrepreneurs. · Zambia

  • Union54

    Union54 is a member led association of African fintechs pulling together to dismantle borders and make money borderless. · Zambia

  • Rent To Own

    To provide productive assets to micro-entrepreneurs in rural Zambia. · Zambia

  • Zazu

    Zazu is a money app that helps you store, use and learn about money. It’s free to join, easy to understand and makes managing money effortless. · Zambia

  • PremierCredit

    PremierCredit is a Zambian online microlending platform that makes lending simple and convenient. · Zambia

All 7 Financial Services startups in Zambia

Frequently asked about Mighty Finance Solution

Where is Mighty Finance Solution based and when was it founded?
Mighty Finance Solution is headquartered in Lusaka, Zambia and was founded in 2021.
Who founded Mighty Finance Solution?
Mighty Finance Solution was founded by Vwanganji Amatende-Bowa (Founder and CEO).
Who is the CEO of Mighty Finance Solution?
Vwanganji Amatende-Bowa is Mighty Finance Solution's Founder and CEO.
How much funding has Mighty Finance Solution raised?
Mighty Finance Solution has raised $100K across 3 disclosed rounds. Its latest, a $75K Grant, was announced on Jan 26, 2024.
Who has invested in Mighty Finance Solution?
Backers include Village Capital, The Future is Female Mentorship Programme and The Baobab Network.
What sector is Mighty Finance Solution in?
Mighty Finance Solution operates in Financial Services, Financial Inclusion and SMEs.