Premier Credit Uganda secures $1.5m to boost financial inclusion

By Vriti Gothi

Premier Credit Uganda, a subsidiary of The Platcorp Group, has raised  $1.5 million investment round led by Enabling Qapital, a Swiss-based impact asset manager. The funding represents a strategic milestone in Premier Credit Uganda’s mission to accelerate financial inclusion and foster sustainable economic growth across the country.

As one of the largest FinTech funding deals in Uganda this year and the only such investment recorded in July – the transaction underscores the strength of Premier Credit Uganda’s market positioning and its commitment to addressing systemic barriers to finance. The new capital will be deployed to expand operational capacity, enhance digital financial solutions, and extend services to rural communities, women, and youth who remain underserved by traditional financial institutions.

The collaboration highlights the alignment between Premier Credit Uganda and Enabling Qapital in driving inclusive development. Both organisations share a vision of delivering scalable, impact-led financial services that contribute to long-term, sustainable progress in emerging markets.

Premier Credit Uganda’s impact has already been significant. In 2024, through The Platcorp Group, the insftitution served over 140,000 clients, with 50% being women, 32% youth, and 71% residing in rural areas. This investment further strengthens Platcorp’s ability to scale these efforts, reinforcing its leadership in ethical, purpose-driven finance across Africa.

Brett Sievwright, Chief Executive Officer of The Platcorp Group, said, “We are thrilled to receive funding from Enabling Qapital, which is known for supporting impactful, sustainable initiatives globally, and we are looking forward to using this investment to expand financial access to underserved communities who need it the most. At Platcorp, financial inclusion is more than just a strategic objective – it is our ethos. Through our subsidiaries, like Premier Credit Uganda, and our extensive network, we have empowered over one million active clients with access to finance that is ethical, responsive and purpose-built.”

Sammy Kandie, Managing Director of Premier Credit Uganda, said, “This is more than just investment – it’s a way for us to deliver widespread community benefits and improve financial inclusion across a region which is typically shut out from traditional financial institutions. This investment will enable us to enhance our existing services, ensuring we consistently deliver the most tailored credit solutions to individuals and micro-entrepreneurs who may not qualify for conventional financial products. It’s an honour to share such a vision with Enabling Qapital, and I look forward to seeing how our collaboration will drive financial inclusion for communities across the region.”