DAR ES SALAAM, Aug. 2 -- THE United Nations Capital Development Fund (UNCDF) backed PesaTech programme mobilised over 18 million US dollars (over 47bn/-) for Tanzanian fintech firms from 2022 to 2025 strengthening Tanzanias position as a rising digital finance and financial inclusion hub.

In a recent statement, UNCDFs Programme Coordinator, Ms Tian Zhang said the programme has delivered strong commercial results by helping innovative fintech firms attract institutional investment while expanding access to financial services for millions of underserved micro, small and medium-sized enterprises (MSMEs).

Across its first two cohorts, PesaTech has supported 22 post-revenue fintech companies operating in digital lending, payments, agritech, ...