Strong Funding Growth Tugende has successfully secured significant investments including a $20M equity and debt raise as well as multiple funding rounds led by notable investors like Partech and Women’s World Banking, indicating a strong growth trajectory and potential for scaling financial and asset-based services.
Focus on Financial Inclusion The company’s recognition through awards such as the African Banker Awards highlights its commitment to expanding financial services to underserved MSMEs in Africa, creating opportunities for partnerships in digital financial products and microfinance solutions.
Expanding Electrification Recent partnerships with Zembo Uganda, an electric motorcycle company, demonstrate a focus on sustainable transport solutions, opening avenues for collaboration with clean energy providers or electric vehicle ecosystems targeting small business logistics.
Tech-Enabled Asset Finance With a technology stack that includes SaaS, Azure, and PHP, Tugende's innovative digital platform presents opportunities to expand technical integrations or develop tailored fintech solutions for similar markets or adjacent financial services.
Growing Customer Ecosystem Tugende’s efforts to build a verifiable digital credit profile and a long-term MSME ecosystem suggest potential sales opportunities in credit scoring, digital banking, and value-added services aimed at small business growth and financial resilience in Africa.
$50M$100M
$250M$500M
$100M$250M
$250M$500M
$25M$50M
$50M$100MTugende uses 8 technology products and services including SAS, Ansible, SoundManager, and more. Explore Tugende's tech stack below.
| Tugende Email Formats | Percentage |
| First.Last@gotugende.com | 80% |
| First@gotugende.com | 13% |
| First.Middle@gotugende.com | 4% |
| Last.First@gotugende.com | 3% |
Financial ServicesKampala, Uganda501-1000 Employees
Tugende is tackling the credit gap for small businesses in Africa by enabling informal entrepreneurs to: 1) own income‑generating assets, 2) build a verifiable digital credit profile, and 3) earn future growth opportunities through the Tugende digital platform. From financing to value-added services to new opportunities, we are building a long-term ecosystem for MSMEs to grow and thrive with us as their partner.
Company Overview
Funding & FinancialsTugende has raised a total of $745K of funding over 12 rounds. Their latest funding round was raised on Jul 01, 2022 in the amount of $745K.
Tugende's revenue is estimated to be in the range of $10M$25M
Funding & FinancialsTugende has raised a total of $745K of funding over 12 rounds. Their latest funding round was raised on Jul 01, 2022 in the amount of $745K.
Tugende's revenue is estimated to be in the range of $10M$25M
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