Lipalater a Kenyan based financial company known for its innovative approach to consumer financing, has successfully secured regulatory approval to conduct public fundraising activities in the United States. This milestone marks a significant breakthrough for LipaLater, as it becomes one of the pioneering African companies to receive the coveted green light from the esteemed United States, Securities and Exchange Commission (SEC).
LipaLater was founded in 2018 by Eric Muli and Michael Maina, the Buy Now and Pay Later (BNPL) service partners with retailers to allow shoppers to pay in instalments and operates in Kenya, Uganda and Rwanda.
Speaking on this milestones, LipaLater CEO, Eric Muli expressed enthusiasm stating, “We are thrilled to extend the opportunity to retail investors in the United States and around the World to invest in one of Africa’s fastest growing Fintech companies, our excitement is further amplified as we lead the way in becoming a global business and the financial control centre for Africa’s 50 million retailers. This marks a significant step to our journey and we are eager to share this transformative experience with all investors”.
This great news comes when there is a growing demand for flexible and convenient financing options especially in E-commerce and consumers globally.
As the company prepares to embark on this new journey, it is poised to become a key player in the American fintech landscape, introducing innovative solutions and transforming how consumers shop and pay for products and services.
