Fintech ClickPesa and blockchain company Pendulumhave unveiled a partnership aimed at tackling the funding gap experienced by small and medium-sized enterprises (SMEs) in East Africa using decentralized finance (DeFi).

By leveraging the DeFi solutions developed on the Pendulum blockchain, which integrates Polkadot and Stellar technology, Pendulum, and ClickPesa Debt Fund strive to enhance financial accessibility for SMEs by providing funding to Microfinance Institutions (MFIs) that possess the necessary reach and expertise to serve SMEs, starting from Tanzania.

Content by Sultan Quadri

A content fellow for NODO