Lipa Later enters administration after failed fresh fundraising efforts
[...]Lipa Later, a Kenyan buy-now-pay-later (BNPL) fintech, has been placed under administration effective March 24, 2025, after months of financial struggles and failed fundraising efforts.[...]
[...]Lipa Later had previously strong investor backing, raising $12 million in seed funding in January 2022 from Cauris, Lateral Frontiers, and others, alongside undisclosed debt from the same investors. Earlier rounds saw seed investments from Orbit Startups in 2021 and Founders Factory Africa in 2019.[...]
https://techcabal.com/2025/03/....27/lipa-later-enters
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