Micro Small and Medium Enterprises (MSMEs) in Kenya are going to benefit from receivables finance solution offered by a fintech company in partnership with a local platform.
In order to bridge the gap left by lending institutions, fintech IMFact and jobs platform Brighter Monday, decided to partner in order to offer funding to SMEs by buying their portfolio of trade receivables. In this way, SMEs benefit from immediate cash as their trade receivables are transformed in liquidity for working capital purposes.
