Pezesha has partnered with Uzapoint, a mobile and web Point of Sale (POS) software provider to provide access to finance for micro and small businesses across Africa.
The partnership will enable Uzapoint merchants to easily access affordable working capital in an embedded approach through integration of Pezesha APIs to the Uzapoint POS platform.
Uzapoint’s Managing Director, Ivy Kariuki, “In joining forces with Pezesha, we are glad that our merchants now have seamless access to affordable working capital. This strategic move aligns with our commitment to fostering economic development and entrepreneurship in Kenya whilst reflecting our dedication to providing enhanced services and innovative solutions. As we embark on this transformative journey, we remain steadfast in our goal of not only meeting but exceeding our merchants’ expectations, addressing evolving needs, and championing the success of small businesses. Stay tuned for a future where possibilities are boundless and business aspirations are realized’’
Pezesha owns and operates a digital embedded finance platform that connects capital and other financial services to underserved Small and Medium-Sized businesses (MSMEs) & value chains to empower them with affordable inventory and working capital that create meaningful impact and growth to their businesses.
The partnership aims to offer financial solutions and support to retailers, enabling them to provide affordable and quality products.
Pezesha, through financial inclusion, can assist retailers in accessing affordable working capital and managing financial challenges amid inflation. Together, this win-win partnership seeks to empower retailers to navigate the evolving economic landscape, fostering a sustainable and customer-friendly retail environment.
This partnership aims to address the challenges posed by high inflation and the growing low-income segment in the Kenyan retail sector, according to research by Financial Sector Deepening Kenya (FSD Kenya).
“For businesses that make less than Ksh 5,000 per day, stockouts are a compulsory problem to solve. This partnership revolutionises access to working capital to solve this nagging problem. Uzapoint merchants gain instant access to affordable working capital, thanks to our Working capital solution innovation. This digital tool becomes their ally, helping the MSMEs streamline their supply chain and foster sustained growth” said Daniel, Pezesha COO.