About Lipa Later
Lipa Later is a company based in Nairobi (Kenya) founded in 2015 by Michael Maina and Eric Muli.. Lipa Later has raised $12.04 million across 5 funding rounds from investors including Cauris, Lateral Frontiers and GreenHouse Capital. Lipa Later has completed 1 acquisition, including Skygarden. Lipa Later operates in a competitive market with competitors including Paylend, Julla, Glomoney and Awamu, among others.
- Headquarter Nairobi, Kenya
- Founders Michael Maina, Eric Muli
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Sectors
Financial ServicesRetail
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Email
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Phone
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Website
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Social
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- Legal Name Lipa Later Group Inc.
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Funding Insights of Lipa Later
Lipa Later has successfully raised a total of $12.04M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $3.4 million completed in September 2023. 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 Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $3.4M
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First Round
First Round
(17 Apr 2019)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Debt – Conventional - Lipa Later | Valuation |
investors |
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| Jan, 2022 | Amount | Seed - Lipa Later | Valuation | Cauris , Lateral Frontiers | |
| Jan, 2022 | Amount | Debt – Conventional - Lipa Later | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lipa Later
Lipa Later has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Cauris, Lateral Frontiers and GreenHouse Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on early-stage investments
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Founded Year | Domain | Location | |
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Investments in tech startups and acceleration of entrepreneurs are provided.
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Founded Year | Domain | Location | |
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Venture capital and accelerator services are provided across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lipa Later
Lipa Later has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Skygarden. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Multi-category products are sold via an online marketplace platform.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lipa Later
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lipa Later Comparisons
Competitors of Lipa Later
Lipa Later operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Paylend, Julla, Glomoney and Awamu, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated via an online marketplace.
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| domain | founded_year | HQ Location |
Provides financing solutions to support customer purchases.
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| domain | founded_year | HQ Location |
Provides financing solutions for consumer purchases.
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| domain | founded_year | HQ Location |
Offers Buy Now Pay Later options for shopping, merchant integration, and flexible repayment plans.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lipa Later
Frequently Asked Questions about Lipa Later
When was Lipa Later founded?
Lipa Later was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is Lipa Later located?
Lipa Later is headquartered in Nairobi, Kenya.
Who is the current CEO of Lipa Later?
Eric Muli is the current CEO of Lipa Later. They have also founded this company.
Is Lipa Later a funded company?
Lipa Later is a funded company, having raised a total of $12.04M across 5 funding rounds to date. The company's 1st funding round was a Seed of $12M, raised on Apr 17, 2019.
What does Lipa Later do?
Lipa Later was established in 2015 in Nairobi, Kenya, as an online platform in the fintech sector focused on buy-now-pay-later services. Financing options are provided for purchases from a network of partnered merchants, allowing end users to repay in monthly installments with tailored plans. A merchant portal is offered to businesses, enabling them to integrate these payment solutions for customers across various product categories.
Who are the top competitors of Lipa Later?
How many acquisitions has Lipa Later made?
Lipa Later has made 1 acquisition, including Skygarden.
Who are Lipa Later's investors?
Lipa Later has 8 investors. Key investors include Cauris, Lateral Frontiers, GreenHouse Capital, SOSV, and Sayani Investments.