SC Ventures has announced a $10M partnership with Yabx Technologies to invest in Furaha, a lending platform focused on education financing in sub-Saharan Africa. SC Ventures contributed $7M, and Yabx provided technological support. Founded by Yustus Aribariho and Ian Fernandes, Furaha aims to enhance access to finance, starting in Uganda, by utilizing AI-driven credit scoring to unlock affordable loans for education. The platform collaborates with local banks and mobile money services to facilitate and expand its offerings across Africa.
We are glad to partner with like-minded innovators like Yabx and Tech Mahindra who share our vision of increasing financial inclusion and access. The partnership will help enhance purpose-driven financing in Africa and support our work to rewire the DNA in banking,
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