Kenyan fintech Zanifu raises $11.2m "...The Zanifu Android app allows small retailers to procure inventory from their suppliers and pay once they have sold the goods. The company does not require users to put up any collateral or to have a credit history, only an existing relationship with the supplier. CEO Steve Biko tells TechCrunch that about 13,000 micro-firms have used the platform, paying between five and six per cent interest a month, with a 99.2% repayment rate." #microcredit #microfinance #smallbusinesslending #mobilebanking Finextra