SC Ventures and Yabx Invests $10M in Furaha to Transform Education Financing in Africa

January 24, 2025

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Headquartered in Dubai’s International Financial Centre (DIFC), Furaha aims to make finance more accessible, starting with Uganda as its first market. The platform leverages Yabx’s AI-driven lending technology and SC Ventures’ expertise in banking and risk management to offer affordable financial solutions to underserved communities.

With over 600 million children under 18, Africa faces a significant challenge in providing affordable education financing. Many families, especially those earning less than $500 monthly, struggle to pay school fees on time due to limited access to credit. Furaha addresses this gap by creating a data-driven credit ecosystem that enables banks to provide affordable loans for education.

“Purpose-driven financing can bridge gaps in access and opportunity,” said Alex Manson, CEO of SC Ventures. “This partnership with Yabx will enhance financial inclusion and support education across Africa.”

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