ZuriCap Limited Innovative SME Financing

ZuriCap is a working capital financing for SMEs in Kenya. We started operations in early 2017 and have since disbursed over $1.9 M to support suppliers/farmers dealing in cereals, pulses, oil crops and dairy sub-sectors. We use an innovative supply chain finance model explained below.
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We advance funds to suppliers against their outstanding invoices due from their customers – mostly processors and manufacturers. We work with buyers (processors and manufacturers) to reduce the risk across their supply chains and increase turnover by optimizing their working capital and giving suppliers an option to get paid early. Suppliers who choose to get paid early get to do so at cheaper rates than they could obtain on their own. In this scenario, suppliers are effectively borrowing against the credit rating of the larger, stronger buyer with whom the risk of default sits. We utilize a technology solution to run a paperless financing program that’s convenient and cost-effective to SMEs