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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- Legal Name Lipa Later Group Inc.
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People of Lipa Later
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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.
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.
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Venture capital firm focused on early-stage investments
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Investments in tech startups and acceleration of entrepreneurs are provided.
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Venture capital and accelerator services are provided across multiple sectors.
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Investor details for Lipa Later
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Investments & Acquisitions by Lipa Later
Lipa Later has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Skygarden.
Investment portfolio details for Lipa Later
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Multi-category products are sold via an online marketplace platform.
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Complete acquisition details for Lipa Later
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Financial Statements - Lipa Later
Detailed financials for Lipa Later
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Lipa Later Comparisons
Peer comparison for Lipa Later
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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.
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Point-of-sale financing is facilitated via an online marketplace.
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Provides financing solutions to support customer purchases.
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Provides financing solutions for consumer purchases.
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Offers Buy Now Pay Later options for shopping, merchant integration, and flexible repayment plans.
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Detailed competitors of Lipa Later
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Latest news on Lipa Later
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Frequently Asked Questions about Lipa Later
Lipa Later was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Lipa Later is headquartered in Nairobi, Kenya.
Eric Muli is the current CEO of Lipa Later. They have also founded this company.
Lipa Later is a funded company, having raised a total of $12.04M across 5 funding rounds to date.
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.
Lipa Later has made 1 acquisition, including Skygarden.
Lipa Later has 8 investors. Key investors include Cauris, Lateral Frontiers, GreenHouse Capital, SOSV, and Sayani Investments.