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Rwandan Fintech Startup Kayko has Raised $1.2 Million in Seed Funding Round
Rwandan fintech startup Kayko has raised $1.2 million in a seed funding round, and it’s a big deal for small businesses in Rwanda. Kayko has raised $1.2 million in seed funding round to push forward its goal of using smart data to help those everyday shops and enterprises get the finance they need to grow.
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Back in 2021, brothers Crepin and Kevin Kayisire kicked off this Rwandan fintech startup Kayko because they saw a huge gap in how small businesses handle money stuff. The platform lets users handle sales right through a PoS system, keep tabs on inventory, manage expenses, and sort out payments without all the hassle. Rwandan fintech startup Kayko has raised $1.2 million, and already more than 8,500 SMEs are using it every day for things like bookkeeping, stock tracking, and staying on top of taxes.
The founders put it perfectly when they said they started Kayko to fix a real headache: millions of SMEs across Africa hustle daily with cash flowing, sales rolling in, and taxes getting paid, but banks just can’t see any of that solid financial picture to help them borrow or expand. So they built Kayko as a micro-ERP and data layer for SMEs: capturing sales, expenses, inventory, and compliance signals that can power credit scoring, working capital, and smarter financial products. Rwandan fintech startup Kayko has raised US$1.2 million in seed funding for Kayko to support its mission of using data to unlock access to finance for small businesses across the country, and this new cash means they can dig even deeper into making that happen.
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The seed round pulled in some solid backers like Burrow Capital, Luxembourg Development Agency, Hanga Ignite by BRD & develoPPP Ventures, which shows real belief in what Kayko’s doing. With this funding, the Rwandan fintech startup Kayko plans to beef up its tech backbone, grow its data-driven lending and credit scoring features, and basically turn all that daily business hustle into actual access to capital for folks who need it most. It’s exciting to see a homegrown outfit like this stepping up to close that massive financing gap for Rwanda’s informal merchants and SMEs.
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