What is UsPlus?
UsPlus specializes in providing tailored working capital finance solutions, primarily through invoice discounting and factoring, to local businesses across a diverse range of 43 industries. These sectors span from primary agriculture and agro-processing to heavy manufacturing, logistics, media & film production, and highly specialized engineering. By unlocking capital tied up in a business's debtor's book, UsPlus enables growing companies to access funds precisely when needed to capitalize on expansion opportunities. The company adheres to the International Finance Corporation’s Investment code, demonstrating a strong commitment to a sustainable developmental agenda.
How much funding has UsPlus raised?
UsPlus has raised a total of $2.3M across 1 funding round:
Other Financing Round
$2.3M
Other Financing Round (2024): $2.3M with participation from Verdant Capital
Key Investors in UsPlus
Verdant Capital
Verdant Capital is a specialist investment bank and investment manager with extensive experience in transactions across the African continent, focusing on Specialist Funds, Mergers and Acquisitions, Financial Institutions/Fintech, and Restructuring. They primarily serve corporate entities and institutions.
What's next for UsPlus?
The recent major strategic investment signals a pivotal growth phase for UsPlus. This capital is expected to fuel further expansion of its service offerings and market reach, potentially enabling the company to onboard more businesses within its target industries and enhance its technological infrastructure for invoice finance solutions. The enterprise-level nature of the funding suggests a strategic alignment with investors focused on scaling financial service providers with a robust developmental impact.
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