Thousands of African businesses are running profitably, but local banks are too risk averse to provide business loans for growth. Vula is a financing marketplace that connects investors and businesses. The company has $215k annual recurring revenue, 3 core clients, and 1500+ businesses on its platform. It has achieved 91% ARR growth in just the past month. The founders are ex-IBM Watson, McKinsey, have significant startup experience, and are backed by Entrepreneur First.

Investment through the Katha VC AngelList syndicate. Seeking checks between $5-10k. Terms: SAFE, $8m post money valuation cap with a 10% discount.