Lipa Later Placed Under Administration After Failing To Raise New Funds
Lipa Later Limited, a Kenyan digital consumer credit provider, is now under administration, with Joy Vipinchandra Bhatt of Moore JVB Consulting appointed to oversee its operations. Why it matters The move signals financial distress for the buy-now-pay-later (BNPL) firm, which had recently raised Sh1.36 billion in funding to expand into new African markets. The details […] The post Lipa Later Placed Under Administration After Failing To Raise New Funds appeared first on Tech Labari.
Lipa Later Limited, a Kenyan digital consumer credit provider, is now under administration, with Joy Vipinchandra Bhatt of Moore JVB Consulting appointed to oversee its operations. Why it matters The move signals financial distress for the buy-now-pay-later (BNPL) firm, which had recently raised Sh1.36 billion in funding to expand into new African markets. The details […]
The post Lipa Later Placed Under Administration After Failing To Raise New Funds appeared first on Tech Labari.
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