UIS - Uganda

Nexen Tech: Digitizing Finance for MSMEs and Saccos

Nexen Tech is modernizing financial services for MSMEs and Saccos by offering digital wallets, credit assessment tools, and enterprise solutions. With Uganda’s Sacco sector serving over 550,000 members and MSMEs contributing 90% of private-sector output, Nexen Tech fills a critical gap in digital financial inclusion.

Leveraging Uganda’s growing fintech landscape, the company is scaling across East Africa, empowering businesses with seamless financial management and credit access.

FutureLink Technologies: Driving Financial Inclusion and Market Growth in Uganda

flutg.com

In June 2022, FutureLink Technologies (FLT) secured $200,000 in debt financing from iungo Capital, marking a key milestone in its growth journey. The investment reflected growing confidence in FLT’s scalable and impact-driven approach to transforming financial services across Africa.

Through its MSACCO platform, the company has reached over 1 million people, enabling financial institutions to acquire and retain customers, access affordable financing, and streamline transactions. In recognition of its innovation, FLT became the first African company to receive the Global SME Finance Platinum Award for Product Innovation in 2022, an honor presented by the International Finance Corporation (IFC) and the SME Finance Forum.

Flow Global: Empowering Small Businesses in Emerging Markets

flowglobal.net

Flow has made notable strides in advancing financial inclusion and economic empowerment in emerging markets such as Uganda and Rwanda. The company has processed over 750,000 growth capital applications, channeling more than $160 million in liquidity to over 20,000 small businesses across the two countries.

Between November 2022 and March 2023, Flow Global secured bridge funding from two investors—a Development Finance Institution and a Commercial Impact Investor based in Europe and Asia, respectively. This investment supports Flow’s continued expansion and positions the company to achieve global profitability by mid-2023.

Asaak’s Strategic Expansion: Acquiring FlexClub Mexico to Scale Mobility Financing

asaak.com

In January 2022, Asaak raised $30 million in a pre-Series A round, combining equity and debt financing from investors including Resolute Ventures, Social Capital, Founders Factory Africa, End Poverty. Make Trillions., DAO.VC, and HOF Capital. Prior to this, the company had secured $1.5 million through various early-stage funding rounds.

These investments have supported Asaak’s growth as a fintech leader in asset financing for Africa’s mobility sector. The company recently expanded its global footprint by acquiring FlexClub Mexico, a strategic move that advances its mission of financial inclusion and cross-border impact.

Kuunda: Empowering Financial Inclusion in Emerging Markets

Kuunda.com

In December 2021, Kuunda secured a $2.25 million seed funding round led by Accion Venture Lab, with participation from FINCA Ventures, Launch Africa, Seedstars, Mercy Corps Ventures, Greenhouse Capital, Kepple Africa Ventures, Future Africa, The Magic Fund, and other fintech angel investors.

In December 2024, the Bill & Melinda Gates Foundation committed $996,598 to Kuunda to enhance cash-in/cash-out agents' access to affordable and convenient financing, further supporting financial inclusion efforts.

AgroSahas: Transforming Agriculture Through Innovation and Sustainability

agrosahas.com

AgroSahas has secured investment from global and regional funds dedicated to agriculture, technology, and sustainability, with support from impact investors and development finance institutions to scale its operations.

Since its inception, the company has forged strategic partnerships with agricultural cooperatives, governments, and agritech firms to enhance food supply chains. Its innovations in smart farming, precision agriculture, and AI-powered analytics have optimized yields and resource efficiency. With an expanding footprint in East Africa and South Asia, AgroSahas continues to empower smallholder farmers with access to quality inputs, financing, and market opportunities.

Mara Scientific: Advancing Digital Biotech in Resource-Limited Settings

marascientific.org

Mara Scientific is transforming healthcare in resource-limited environments through AI-driven diagnostics, cloud-based data systems, and mobile technologies. Its Mpeke suite—including HMIS for hospital workflows, Rx for prescription management, and LIMS for lab digitization—enhances efficiency and accessibility. By providing scalable, cost-effective solutions tailored to local challenges, Mara Scientific empowers healthcare professionals with real-time disease tracking and AI-powered decision-making, redefining digital biotech in emerging markets.

BRENTEC: Revolutionizing Livestock Vaccine Access in Africa

brentecvacccine.com

BRENTEC is tackling vaccine accessibility challenges for smallholder farmers by pioneering thermally stable livestock vaccines. Its flagship product, KUKUSTAR, protects poultry against Newcastle disease without requiring refrigeration, reducing logistical barriers and costs.

With small, affordable doses designed for farmers of all scales, BRENTEC is driving higher poultry productivity and economic opportunities. Targeting a 60% market share in Uganda by 2030, the company is expanding across East Africa to reshape livestock vaccination.

Nexen Tech: Digitizing Finance for MSMEs and Saccos

brentecvacccine.com

Nexen Tech is modernizing financial services for MSMEs and Saccos by offering digital wallets, credit assessment tools, and enterprise solutions. With Uganda’s Sacco sector serving over 550,000 members and MSMEs contributing 90% of private-sector output, Nexen Tech fills a critical gap in digital financial inclusion.

Leveraging Uganda’s growing fintech landscape, the company is scaling across East Africa, empowering businesses with seamless financial management and credit access.

FutureLink Technologies: Driving Financial Inclusion and Market Growth in Uganda

flutg.com

In June 2022, FutureLink Technologies (FLT) secured $200,000 in debt financing from iungo Capital, marking a key milestone in its growth journey. The investment reflected growing confidence in FLT’s scalable and impact-driven approach to transforming financial services across Africa.

Through its MSACCO platform, the company has reached over 1 million people, enabling financial institutions to acquire and retain customers, access affordable financing, and streamline transactions. In recognition of its innovation, FLT became the first African company to receive the Global SME Finance Platinum Award for Product Innovation in 2022, an honor presented by the International Finance Corporation (IFC) and the SME Finance Forum.

Flow Global: Empowering Small Businesses in Emerging Markets

flowglobal.net

Flow has made notable strides in advancing financial inclusion and economic empowerment in emerging markets such as Uganda and Rwanda. The company has processed over 750,000 growth capital applications, channeling more than $160 million in liquidity to over 20,000 small businesses across the two countries.

Between November 2022 and March 2023, Flow Global secured bridge funding from two investors—a Development Finance Institution and a Commercial Impact Investor based in Europe and Asia, respectively. This investment supports Flow’s continued expansion and positions the company to achieve global profitability by mid-2023.

Asaak’s Strategic Expansion: Acquiring FlexClub Mexico to Scale Mobility Financing

asaak.com

In January 2022, Asaak raised $30 million in a pre-Series A round, combining equity and debt financing from investors including Resolute Ventures, Social Capital, Founders Factory Africa, End Poverty. Make Trillions., DAO.VC, and HOF Capital. Prior to this, the company had secured $1.5 million through various early-stage funding rounds.

These investments have supported Asaak’s growth as a fintech leader in asset financing for Africa’s mobility sector. The company recently expanded its global footprint by acquiring FlexClub Mexico, a strategic move that advances its mission of financial inclusion and cross-border impact.

Kuunda: Empowering Financial Inclusion in Emerging Markets

Kuunda.com

In December 2021, Kuunda secured a $2.25 million seed funding round led by Accion Venture Lab, with participation from FINCA Ventures, Launch Africa, Seedstars, Mercy Corps Ventures, Greenhouse Capital, Kepple Africa Ventures, Future Africa, The Magic Fund, and other fintech angel investors.

In December 2024, the Bill & Melinda Gates Foundation committed $996,598 to Kuunda to enhance cash-in/cash-out agents' access to affordable and convenient financing, further supporting financial inclusion efforts.

AgroSahas: Transforming Agriculture Through Innovation and Sustainability

agrosahas.com

AgroSahas has secured investment from global and regional funds dedicated to agriculture, technology, and sustainability, with support from impact investors and development finance institutions to scale its operations.

Since its inception, the company has forged strategic partnerships with agricultural cooperatives, governments, and agritech firms to enhance food supply chains. Its innovations in smart farming, precision agriculture, and AI-powered analytics have optimized yields and resource efficiency. With an expanding footprint in East Africa and South Asia, AgroSahas continues to empower smallholder farmers with access to quality inputs, financing, and market opportunities.

Mara Scientific: Advancing Digital Biotech in Resource-Limited Settings

marascientific.org

Mara Scientific is transforming healthcare in resource-limited environments through AI-driven diagnostics, cloud-based data systems, and mobile technologies. Its Mpeke suite—including HMIS for hospital workflows, Rx for prescription management, and LIMS for lab digitization—enhances efficiency and accessibility. By providing scalable, cost-effective solutions tailored to local challenges, Mara Scientific empowers healthcare professionals with real-time disease tracking and AI-powered decision-making, redefining digital biotech in emerging markets.

BRENTEC: Revolutionizing Livestock Vaccine Access in Africa

brentecvacccine.com

BRENTEC is tackling vaccine accessibility challenges for smallholder farmers by pioneering thermally stable livestock vaccines. Its flagship product, KUKUSTAR, protects poultry against Newcastle disease without requiring refrigeration, reducing logistical barriers and costs.

With small, affordable doses designed for farmers of all scales, BRENTEC is driving higher poultry productivity and economic opportunities. Targeting a 60% market share in Uganda by 2030, the company is expanding across East Africa to reshape livestock vaccination.

Nexen Tech: Digitizing Finance for MSMEs and Saccos

brentecvacccine.com

Nexen Tech is modernizing financial services for MSMEs and Saccos by offering digital wallets, credit assessment tools, and enterprise solutions. With Uganda’s Sacco sector serving over 550,000 members and MSMEs contributing 90% of private-sector output, Nexen Tech fills a critical gap in digital financial inclusion.

Leveraging Uganda’s growing fintech landscape, the company is scaling across East Africa, empowering businesses with seamless financial management and credit access.