About Fin
Fin is a Financial Services company based in Moka (Mauritius) founded in 2018. Lending platform is provided for consumers and businesses. It operates on a FinTech model. Fin has raised $22 million across 5 funding rounds from investors including Lendable, Andela and Acasia. Fin has completed 1 acquisition, including Thuthukani Financial Services. Fin offers products and services including Credit Solutions, Savings Products, and Insurance Services. Its focus areas include FinTech and Digital Lending. Its legal entity is Fin Group Limited.
Company details
Fin is established as a fintech entity providing accessible financial solutions such as credit, savings, and insurance across multiple African countries. Operations are conducted with a focus on speed, convenience, and reliability. Partnerships are maintained to enhance service delivery in the financial sector. A presence is sustained in South Africa, Kenya, and Tanzania, with headquarters located in Ebene, Mauritius.
- Headquarters Moka, Mauritius
- SectorsFinancial Services
- Website fin.africa
- Social LinkedIn X Facebook
- Legal Name Fin Group Limited
- Total Equity Funding$22M (USD)
in 5 rounds
- Latest Funding Round$2M (USD), Seed
Dec 2022
- InvestorsLendable
& 12 more
- Investments & Acquisitions
Products & Services of Fin
Fin offers a comprehensive portfolio of products and services, including Credit Solutions, Savings Products, and Insurance Services.
Credit solutions are provided for accessible financial support.
Savings products are offered to encourage financial security.
Insurance services are delivered for risk protection needs.
Funding Insights of Fin
Fin has successfully raised a total of $22M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $22M
- Total Rounds 5
- Last Round Seed — $2M
- First Round $20M
(Sep 2021)
- Investors Count 13
All 5 funding rounds of Fin with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2022 | $2M | Seed | – | Leonard Stiegeler | |
| May 2022 | Seed | – | Acasia | – | |
| Jan 2022 | $20M | Seed | – | – | |
| Jan 2022 | Debt – Conventional | – | – | ||
| Sep 2021 | $20M | Debt – Conventional | – | – |
13 investors in total: 4 institutional and 9 angel.
Investors in Fin
Fin has secured backing from 13 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Lendable, Andela and Acasia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in early-stage tech startups | 2011 | acasia.group | Cairo, Egypt | |
Venture capital firm investing in multiple sectors | future.africa | Lagos, Nigeria | ||
Personal loans are enabled via an online P2P marketplace. | 2014 | lendable.co.uk | London, United Kingdom | |
LS Leonard Stiegeler | unknown_013dcae5bd8243388 | |||
SR Sudeep Ramnani | unknown_e711a80d9da74b899 | |||
JM Jai Mahtani | unknown_d2322b2bd5fd44409 | |||
CF Christian Faes | unknown_70be01c84c95461c8 | |||
AL Amandine Lobelle | unknown_7c699cf32fde4c4b9 | |||
JD Jonathan Doerr | Angel investor and entrepreneur, co-founder of Good Glamm Group, active in Indian startups | unknown_e9f69f89899f40f6a | ||
RA Richard Aseme | Angel investor and entrepreneur focused on Indian startups and technology innovation. | unknown_7b1112b095684f9ba |
Investor details for Fin
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Fin
13 people are tracked at Fin (5 in leadership, 5 in board & advisors, 3 in team).
| Name | Role | Group |
|---|---|---|
Timothy Nuy | Co-Founder & Co-CEO | Leadership |
Tonderai Mutesva | Co-Founder & Co-CEO | Leadership |
Joshua Adams Waite | Chief Operating Officer / Director: Fin South Africa | Leadership |
Babylon Mukunga | Managing Director | Leadership |
Serah Gikonyo | Managing Director | Leadership |
Uveesheksingh Purmah | Non-Executive Director | Board & advisors |
Preetam Prayag | Non-Executive Director | Board & advisors |
Manuel Koser | Non-Executive Director | Board & advisors |
Lutz Seebacher | Executive Director | Board & advisors |
Matsi Modise | Chairwoman | Board & advisors |
Christopher Rwechungura | Tanzania MD | Team |
Stella Barton | Collection Officer | Team |
Paul Mwiti Mutua | Finance Manager | Team |
Complete people profiles for Fin
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Fin
Fin has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Thuthukani Financial Services.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Home loans are provided to clients in South Africa. | thuthukani.co.za | Pretoria, South Africa | 2001 | Mar 2023 | •••• |
Complete acquisition details for Fin
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Fin
4 dated milestones of Fin across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Fin is founded.
- Funding First funding round of $20.0M.
- Funding Latest funding round, Seed, of $2.0M.
- Acquisition Acquires Thuthukani Financial Services.
Web traffic of Fin
The website of Fin (fin.africa) receives about 4.7K visits a month.
- Monthly visits4.7K
▼ 18.8% vs previous month
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Related news about Fin
Complete news archive for Fin
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- Full article archive
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Frequently Asked Questions about Fin
Fin was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Fin is headquartered in Moka, Mauritius.
Fin is a funded company, having raised a total of $22M across 5 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $20M, raised on Sep 2021.
Fin is established as a fintech entity providing accessible financial solutions such as credit, savings, and insurance across multiple African countries. Operations are conducted with a focus on speed, convenience, and reliability. Partnerships are maintained to enhance service delivery in the financial sector. A presence is sustained in South Africa, Kenya, and Tanzania, with headquarters located in Ebene, Mauritius.
Fin offers Credit Solutions, Savings Products, and Insurance Services.
Fin has made 1 acquisition, including Thuthukani Financial Services.
Fin operates through Fin Group Limited.