L-Pesa is a financial technology platform providing new financial
tools to consumers and small business in Africa and Asia. We allow people to
create opportunities for themselves and their families. Borrowers on the L-Pesa platform use funds to start or grow a business, pay for education or otherwise support their ambition in life.
L-Pesa is raising a $25 million Initial Coin Offer in order to scale operations. The funds will primarily be used to expand staff and marketing. With a stronger balance sheet, L-Pesa expects to be able to fund its lending using third parties, providing a healthy interest rate spread for L-Pesa.