Ezra & Kacha team to launch digital lending service in Ethiopia

By Delisha Fernandes

November 29, 2023

Airtime
Credit Solutions
currency exchange

Ezra, Kacha, MSMEs, financial inclusion, digital lending, Kacha Digital Financial Services S.C., Global Bank of Ethiopia, payments, airtime, currency exchange, credit solutions, Fintech news, Fintech Africa Ezra, a microlending FinTech, has partnered with Kacha Digital Financial Services S.C. and Global Bank of Ethiopia to launch a digital lending service in Ethiopia.

The collaboration introduces a new digital lending service to individuals and micro, small and medium-sized enterprises (MSMEs) in Ethiopia, marking a significant step towards increased financial inclusion across the nation

Kacha is transforming the nation’s financial sector. Licensed by the National Bank of Ethiopia, its scope of services also includes payments, airtime and currency exchange. This new partnership with Ezra reflects both companies’ shared commitment to providing inclusive services that empower financially underserved communities.

Abraham Tilahun, CEO of Kacha, “Our alliance with NIB International Bank and Global Bank Ethiopia, serving a combined customer base exceeding 4 million, aligns with the National Bank’s initiatives to combat inflation. This partnership extends the reach of financial inclusion and makes credit services accessible to the mainstream economy.”

Ezra has worked with Kacha to develop a Platform as a Service (PaaS) model which facilitates the seamless integration of credit solutions into Kacha’s wallet infrastructure. With Kacha as the customer-facing entity and Ezra as the technology and scoring provider, this partnership has been designed to provide individuals and MSMEs across Ethiopia with a simplified and affordable digital pathway to loan products.

Dinko Svetic, Vice President of Growth at Ezra, said, “We are delighted to be embarking upon this vital journey with Kacha, Global Bank of Ethiopia, NIB International Bank and certainly more banks in the near future. At Ezra, our mission is to design, develop, and deliver lending solutions which meet the needs of financially underserved individuals across the world – and we are committed to this partnership and the difference it is going to make to micro, small and medium-sized enterprises in Ethiopia.”

November 29, 2023