Avenews Analysis
What is Avenews?
Avenews provides financing solutions tailored for Kenyan agri-SMEs, focusing on cash flow management and operational growth. Their services include agri credit lines and supplier financing, designed to support businesses in meeting market demands. Avenews is licensed by the Central Bank of Kenya as a Digital Credit Provider.
Location
Eden Square, Westlands, Nairobi, Kenya
Employees
11-50
Founded
2017
Product Features & Capabilities
- Agri Credit Line
- Agri Supplier Financing
- Agri Buyer Financing
- Stockist Financing
Use Cases
Enable agri-SMEs to restock inventory quickly; Provide immediate payment for unpaid invoices; Facilitate supplier payments while managing cash flow; Allow restocking from approved distributors with flexible repayment; Support businesses in fulfilling larger orders without cash flow interruptions
Other Considerations
Serves over 250 agri-SMEs; 70% of clients expanded operations after financing; 55% of clients created new jobs; Licensed by the Central Bank of Kenya
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