About Asante Finance Group

Asante Finance Group is a credit‑led neo‑bank that provides short‑term financing to underserved African individuals and SMEs through mobile‑first digital channels. Its product suite includes working‑capital loans, mobile‑money agent float finance, smartphone financing, and insurance premium financing, with rapid credit decisions and disbursement via mobile wallets or bank accounts.

<problem>Many African individuals and small‑to‑medium enterprises (SMEs) lack access to affordable, timely credit and financial products, limiting their ability to manage cash flow, purchase inventory, and grow their businesses.</problem> <solution>Asante Finance Group operates as a credit‑led neo‑bank that delivers a range of short‑term financing solutions through mobile and digital channels. By leveraging mobile telephony and fintech platforms, the company provides working‑capital loans, mobile‑money agent float finance, smartphone financing, and insurance premium financing directly to underserved customers. The digital onboarding process enables rapid credit assessment and disbursement, while compliance with local regulatory standards ensures responsible lending. Customers receive funds via mobile wallets or bank accounts, allowing them to address immediate cash‑flow gaps and invest in inventory or equipment without the need for traditional bank visits.</solution> <features> - Mobile‑first loan application and approval workflow with instant credit decisions - Working‑capital financing tailored for SMEs to cover inventory and operational expenses - Float finance for mobile‑money agents to maintain liquidity and service customers - Smartphone financing enabling customers to acquire devices on affordable repayment terms - Insurance premium financing that spreads premium costs over manageable periods - Integration with local mobile money platforms for seamless fund disbursement and repayment - Compliance framework aligned with regional regulatory policies to ensure responsible lending practices </features> <target_audience>Primary customers are underserved African individuals, micro‑entrepreneurs, and small‑to‑medium businesses that require short‑term credit and financing solutions to sustain and grow their operations.</target_audience>

What does Asante Finance Group do?

Where is Asante Finance Group located?

Asante Finance Group is based in Nairobi, Kenya.

When was Asante Finance Group founded?

Asante Finance Group was founded in 2018.

How much funding has Asante Finance Group raised?

Asante Finance Group has raised $7.5M.

Who founded Asante Finance Group?

Asante Finance Group was founded by Chidi Okpala and Serge Jones.

Chidi Okpala - CEO
Serge Jones - CEO

Location

Nairobi, Kenya

Founded

2018

Funding

$7.5M

Employees

28 employees

Major Investors

Goodwell Investments, + 1 Other investor

Asante Finance Group

Inactive

Nairobi, KenyaFounded 2018287K+ followers10/10 TractionRelative Traction Score based on online presence metrics compared to companies in the same age group.

Updated 1 month ago

Funding

$7.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.

1OGI

Funding rounds are not available yet.

Founders

Product

Problem

Many African individuals and small‑to‑medium enterprises (SMEs) lack access to affordable, timely credit and financial products, limiting their ability to manage cash flow, purchase inventory, and grow their businesses.

Solution

Asante Finance Group operates as a credit‑led neo‑bank that delivers a range of short‑term financing solutions through mobile and digital channels. By leveraging mobile telephony and fintech platforms, the company provides working‑capital loans, mobile‑money agent float finance, smartphone financing, and insurance premium financing directly to underserved customers. The digital onboarding process enables rapid credit assessment and disbursement, while compliance with local regulatory standards ensures responsible lending. Customers receive funds via mobile wallets or bank accounts, allowing them to address immediate cash‑flow gaps and invest in inventory or equipment without the need for traditional bank visits.

Target Audience

Primary customers are underserved African individuals, micro‑entrepreneurs, and small‑to‑medium businesses that require short‑term credit and financing solutions to sustain and grow their operations.

Features

Mobile‑first loan application and approval workflow with instant credit decisions
Working‑capital financing tailored for SMEs to cover inventory and operational expenses
Float finance for mobile‑money agents to maintain liquidity and service customers
Smartphone financing enabling customers to acquire devices on affordable repayment terms
Insurance premium financing that spreads premium costs over manageable periods
Integration with local mobile money platforms for seamless fund disbursement and repayment
Compliance framework aligned with regional regulatory policies to ensure responsible lending practices