About Mighty Finance Solutions
Mighty Finance Solutions is a company based in Lusaka (Zambia) founded in 2021.. Mighty Finance Solutions has raised $100 thousand across 2 funding rounds from investors including Standard Chartered, Village Capital and Baobab Network. Mighty Finance Solutions offers products and services including Personal Loans, SME Loans, and Women Empowerment Loans. Mighty Finance Solutions operates in a competitive market with competitors including FairMoney, PremierCredit, Vastkamloans and Fincred Finance, among others.
- Headquarter Lusaka, Zambia
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$100 K (USD)
in 2 rounds
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Latest Funding Round
$75 K (USD), Seed
Feb 02, 2024
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Investors
Standard Chartered
& 2 more
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Employee Count
Employee Count
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Products & Services of Mighty Finance Solutions
Mighty Finance Solutions offers a comprehensive portfolio of products and services, including Personal Loans, SME Loans, and Women Empowerment Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Loans for civil servants and secured options with fast approvals.
Credit solutions to help small and medium enterprises grow.
Working capital for women-led businesses to support operations.
Funding Insights of Mighty Finance Solutions
Mighty Finance Solutions has successfully raised a total of $100K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $75 thousand completed in February 2024. 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 2
- Last Round Seed — $75,000
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First Round
First Round
(04 May 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Seed - Mighty Finance Solutions | Valuation | Village Capital , Standard Chartered |
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| May, 2022 | Amount | Seed - Mighty Finance Solutions | Valuation | The Baobab Network |
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| 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 Mighty Finance Solutions
Mighty Finance Solutions has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Standard Chartered, Village Capital and Baobab Network. 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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Entrepreneurship support, ecosystem strengthening, and impact investing services are offered by Village Capital.
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Founded Year | Domain | Location | |
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Baobab Network is recognized as Africa's leading startup accelerator.
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Founded Year | Domain | Location | |
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Corporate, investment, wealth, and retail banking services are provided globally.
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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 Mighty Finance Solutions
| 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 |
Financial Statements - Mighty Finance Solutions
| 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 |
Mighty Finance Solutions Comparisons
Competitors of Mighty Finance Solutions
Mighty Finance Solutions 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 FairMoney, PremierCredit, Vastkamloans and Fincred Finance, 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 |
Digital microfinance banking services are offered to individuals.
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| domain | founded_year | HQ Location |
Personal and SME loans are provided in Zambia.
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| domain | founded_year | HQ Location |
Delivers comprehensive lending solutions for individuals and businesses through an online platform.
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| domain | founded_year | HQ Location |
Offers comprehensive financing solutions for individuals and enterprises to meet their funding needs.
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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 Mighty Finance Solutions
Frequently Asked Questions about Mighty Finance Solutions
When was Mighty Finance Solutions founded?
Mighty Finance Solutions was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Mighty Finance Solutions located?
Mighty Finance Solutions is headquartered in Lusaka, Zambia.
Is Mighty Finance Solutions a funded company?
Mighty Finance Solutions is a funded company, having raised a total of $100K across 2 funding rounds to date. The company's 1st funding round was a Seed of $25K, raised on May 04, 2022.
What does Mighty Finance Solutions do?
Mighty Finance Solutions was established in 2021 and is headquartered in Lusaka, Zambia. An online lending platform is maintained to deliver loans to small businesses, small-to-medium enterprises, and individuals. Funding is extended for equipment purchases, inventory needs, trade credit, refinancing options, and credit facilities. Operations focus on the Zambian financial sector to support various borrowing requirements.
Who are the top competitors of Mighty Finance Solutions?
Mighty Finance Solutions's top competitors include FairMoney, PremierCredit and Vastkamloans.
What products or services does Mighty Finance Solutions offer?
Mighty Finance Solutions offers Personal Loans, SME Loans, and Women Empowerment Loans.
Who are Mighty Finance Solutions's investors?
Mighty Finance Solutions has 3 investors. Key investors include Standard Chartered, Village Capital, and Baobab Network.