Eric Muli built Lipa Later into a multimillion-dollar fintech startup that later collapsed under funding and repayment pressures.
By
Elvis Ondieki
Nation Media Group
Having studied entrepreneurship at Strathmore Business School in Kenya and later at Babson College and Stanford University in the US, Eric Muli was bubbling with ideas.
One day, he went to a phone shop in Nairobi and asked if he could buy a device in instalments. The attendant told him that such an arrangement could only be done with a bank.That was when it hit him.
Financial institutions, which are the among the most valuable firms at the Nairobi Securities Exchange (NSE) are not waiting for…
Most businesses don’t die in their first ambitious leap. They die in the unglamorous middle, when the first version doesn’t work,…
Mr Nyabuto estimates he spent about Sh3 million on the technology infrastructure, including cloud services, software developers…
The first problem Safaricom's M-PESA solved was moving money. The company now believes the harder one is lending.
Gigbanc has announced plans to wind down its operations as it becomes the latest casualty of the difficult fundraising…
Building a company takes vision, courage and persistence.
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