Ugandan fintech providing early wage access platform for employees.
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Zofi Cash, founded by Gordon Turibamwe and Paul Kirungi, is a Ugandan fintech company that provides an early wage access platform. It allows employees to access their wages before payday or in emergencies, offering salary advances at low-interest rates based on the number of days advanced. Zofi Cash raised a $1 million pre-seed round from Nigerian investor Advancly to expand its salary advance services and address a backlog of over 20,000 employees.
| Date | Round | Amount | Lead |
|---|---|---|---|
| Jun 5, 2023 | $1.0M |