South African fintech startup Yellow raises $20 million in funding

Oluwajuwonlo Afolabi -

Yellow, a South Africa-based fintech startup has raised $20 million in debt financing from Lion's Head Global Partner Asset Management, Triple Jump, SunFunder, and Trine.

  • The financing will enable the startup to get resources to serve one million more people.
  • Yellow uses software to provide affordable financing solutions for people in Africa to acquire household products.
  • It combines smart finance and technology to enable better lives for the underserved communities in the region.
  • With operations in South Africa, Malawi, Uganda, Rwanda, and Zambia, the startup has facilitated electricity (solar) to over 240,000 households since its launch.