Watu
PrivateLast Round
Debt
Jan 16, 2024
Total Funding Raised
$68.5M
Company Overview
Watu is an asset-based fintech company focused on financial inclusion for the unbanked and underserved across Africa. Founded in 2015, the company provides affordable and flexible financing for essential assets, primarily two and three-wheelers (known as 'boda bodas') and smartphones. By leveraging technology for automated processes and digital payments, Watu aims to empower entrepreneurs, improve mobility, and drive economic growth in emerging markets. The company has provided over 2 million loans and operates in several African countries, including Kenya, Uganda, Tanzania, Nigeria, and Rwanda.
Sector
FinTech
Verticals
Lending & Credit, Micro-Mobility, Electric Vehicles, Credit Scoring
Business Model
B2B2C
Customer Profile
Payment Processing Fee
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Watu Comps
Public and private peers based on sector, stage, and business model.
Watu Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Debt | Jan 16, 2024 | ||||
| Debt | Dec 30, 2022 | ||||
| Debt | Dec 22, 2022 | ||||
| Debt | Dec 13, 2022 | ||||
| Debt | Aug 15, 2022 | ||||
Debt | Sep 26, 2017 |
Key People
Founding team and executive leadership
Watu Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Verdant Capital | Debt |
| AHL Venture Partners | Debt |
| Gateway Partners | Debt |
| Verdant Capital Hybrid Fund | Debt |
| BluePeak Private Capital | Debt |
| Lendable | Debt |
| Shinnecock Partners | Debt |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jan 1, 2026
Now operating in eight countries across Africa.
- Jan 1, 2026
Provided over 2 million loans to date.
Watu Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Watu's valuation, stock price, and market status.
