Fintech infrastructure company Kuunda has successfully raised $7.5 million in funding to support its strategic expansion into the Middle East and North Africa (MENA) region. The funding round, which includes a mix of equity and debt, was led by several prominent investors focused on financial inclusion and technology-driven growth in emerging markets.
Founded with a mission to make digital financial services more accessible and affordable, Kuunda has built a strong reputation across Sub-Saharan Africa for its real-time liquidity solutions, including its flagship product, Float. The platform enables digital financial service providers — such as mobile money operators, agents, and fintechs — to access instant working capital, improve cash flow, and deliver better services to their customers.
With this new funding, Kuunda aims to replicate its success in the MENA region, which presents significant opportunities due to its rapidly digitizing economies and large underbanked populations. The company plans to invest in partnerships with telecom operators, digital wallet providers, and micro-lenders, while also scaling its engineering and product teams to adapt its solutions to the local market needs.
Speaking on the raise, Kuunda’s CEO, Prasanna Sankaran, said: “Our goal has always been to remove liquidity as a barrier to financial access. This new funding allows us to expand our infrastructure and deliver impactful solutions to new markets where the need is just as urgent. We’re excited to bring our proven technology and insights into the MENA region, which shares many of the challenges we’ve addressed in Africa.”
Investors in the round highlighted Kuunda’s ability to unlock credit access in traditionally underserved segments. One investor noted, “Kuunda’s real-time credit decisioning engine and data infrastructure are game-changers for informal and semi-formal financial ecosystems. Their model has the potential to transform agent banking and mobile money across multiple markets.”
Kuunda’s move into MENA comes at a time when governments and regulators in the region are increasingly prioritizing financial inclusion and the development of digital economies. The company’s expansion is expected to further accelerate fintech innovation, especially in countries such as Egypt, Morocco, and Jordan.
With this funding milestone, Kuunda is positioning itself as a key enabler of inclusive digital finance, aiming to empower millions of users and small businesses across both Africa and the Middle East.
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