Kenyan startup Rafode has entered into a strategic partnership with FasterCapital through its EquityPilot programme, supporting its plan to digitise operations and expand financing for micro, small and medium enterprises, smallholder farmers, and renewable energy access across Western and adjacent regions of Kenya.
Headquartered in Kisumu, Rafode is a fintech and renewable energy financier that focuses on inclusive finance for base-of-pyramid consumers, micro, small and medium enterprises, and smallholder farmers. Its products include business loans, green energy loans, education loans, asset financing, and renewable energy appliances supplied via credit.
It has now partnered with FasterCapital through its EquityPilot programme. Joining the EquityPilot programme provides access to a global network of investors, experts and mentors, and will support Rafode’s digital transformation and portfolio growth in the first 30–60 days. It will then focus on product and operational execution milestones to prepare the startup for scaled outreach and improved service delivery.
“We’re excited to support Rafode through EquityPilot. Our team will focus on execution milestones and connecting the startup with the right ecosystem stakeholders,” said Hesham Zreik, founder and CEO of FasterCapital.
