What is Asilimia?
Founded in 2017 and headquartered in Kenya, Asilimia has developed a comprehensive financial platform designed to streamline business expense management through a mobile application. The company aims to provide small and medium-sized enterprises with accessible and efficient tools for financial oversight, fostering growth and operational efficiency within the African market.
How much funding has Asilimia raised?
Asilimia has raised a total of $2M across 2 funding rounds:
Other Financing Round
$1M
Debt
$1M
Other Financing Round (2021): $1M with participation from Fredrik Jung Abbou
Debt (2021): $1M led by GreenTec Capital and Bpifrance
Key Investors in Asilimia
GreenTec Capital
GreenTec Capital Partners is an Entrepreneurial Support Organization (ESO) dedicated to assisting African founders since 2015. They provide a range of services including venture building, investment readiness, and customized technical assistance aimed at fostering local entrepreneurship and sustainable development in Africa.
Bpifrance
Founded in 2012, based out of France, Bpifrance finances companies - at each stage of their development - with credit, guarantees and equity. Bpifrance supports them in their innovation projects and internationally.
What's next for Asilimia?
The recent major strategic investment signals a pivotal growth phase for Asilimia. This influx of capital is expected to fuel further development of its financial platform, enhance market penetration, and potentially expand its service offerings. The company is poised to leverage this backing to solidify its position as a key player in the mobile-first financial management solutions sector, particularly within emerging economies.
See full Asilimia company page
