Grace Ashiru
South African fintech company Kuunda has completed a $5 million secondary share transaction, creating an opportunity for its early investors to sell their holdings while strengthening the company’s long-term investment partnerships.
The transaction was led by E4E Africa, an investment firm focused on supporting high-growth African businesses. The deal increased E4E Africa’s ownership position in Kuunda and demonstrated growing investor interest in established fintech companies across the continent.
Unlike traditional fundraising rounds, where businesses receive fresh capital to finance operations, secondary share transactions allow existing shareholders to sell their stakes to other investors. Such deals remain relatively uncommon within Africa’s technology ecosystem, where opportunities for investors to recover their investments are often limited.
Founded in 2018, Kuunda provides lending infrastructure that enables financial institutions and digital platforms to offer credit to individuals and businesses. Its technology connects banks, mobile money operators, merchants, and other financial service providers, making short-term financing more accessible.
The company uses data-driven credit assessment tools to support lending decisions and provide working capital to underserved customers.
According to figures reported by Kuunda, its infrastructure has facilitated more than 870 million loans worth over $4.4 billion, reaching approximately 14.6 million users, including merchants, agents, and consumers.
The company currently operates across five African markets and has outlined plans to expand into seven additional countries.
The transaction follows Kuunda’s $7.5 million pre-Series A funding round in October 2025, which attracted investors including E4E Africa, 4Di Capital, and Nedbank.
Kuunda’s leadership has linked the successful secondary transaction to the company’s profitability, operational growth, and ability to provide lending infrastructure at scale.
For Africa’s startup investment landscape, the deal highlights an alternative route through which early investors can realize returns without waiting for an acquisition or stock market listing.
As fintech businesses continue to mature, similar transactions could become increasingly important in attracting long-term investment.
Kuunda’s experience also demonstrates how technology-driven lending solutions can address financing challenges while creating investment opportunities across African markets.
