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BeneFactors logo — We provide working capital solutions to SMEs | 2018 Seedstar...

BeneFactors

We provide working capital solutions to SMEs | 2018 Seedstars Kigali winner | Digest Africa 2019 Top 50 African Startups

Founded 2017 Rwanda Rwanda 8 employees Seed Total: $550.00K Financial Services

General Information

Company Name BeneFactors
Founded Year 2017
Location Rwanda Rwanda +1
Founders / Decision Makers
Team member
Employees 8
Industries Financial Services
Funding Stage Seed
Social

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About BeneFactors

BeneFactors is a Rwandan fintech startup that specializes in providing factoring services and working capital solutions to small and medium-sized enterprises (SMEs) in Rwanda. The company, founded in 2017, garnered attention by winning the Seedstars World 2018 Kigali tech startup competition and being recognized as one of Digest Africa's Top 50 African Startups in 2019. BeneFactors distinguishes itself through the utilization of a unique credit scoring algorithm tailored specifically for the Rwandan market and offers post-disbursement support to firms that are often considered unbankable by traditional financial service providers. The company received a $400.00K Seed Round investment on 01 January 2019 from Seedstars International Ventures and NISK Capital. With its focus on the Financial Services industry, BeneFactors aims to continue its expansion and impact within the Rwandan economy by catering to the underserved SME segment.

Taxonomy: Factoring services, Working capital solutions, SME financing, Credit scoring algorithm, Financial inclusion, Seedstars Kigali, Rwandan economy, Post-disbursement support

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• 2
Investor
•••• •••• 		01 Jan 2019
Pre Seed Round •••••• - 24 Sep 2018

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FAQ About BeneFactors

We provide working capital solutions to SMEs | 2018 Seedstars Kigali winner | Digest Africa 2019 Top 50 African Startups
BeneFactors was founded in 2017.
BeneFactors is headquartered in Rwanda.
BeneFactors operates in the following industries: Financial Services.
BeneFactors has approximately 8 employees.
BeneFactors has completed 2 funding rounds, raising a total of $550.00K. The latest funding stage is Seed.
Top alternatives and competitors to BeneFactors include INYARWANDA Ltd, Insightiv Technologies, MVend Limited, Wowe Agro-Solutions Africa, RwandaEQUIP. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
BeneFactors and INYARWANDA Ltd are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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