ClickPesa and Pendulum announced a partnership to expand DeFi-based financing for SMEs in Tanzania. Pendulum's blockchain bridges Polkadot and Stellar, enabling the ClickPesa Debt Fund to provide capital to microfinance institutions serving underserved businesses and women entrepreneurs.
ClickPesa, a Tanzanian fintech company, partnered with Pendulum to deploy DeFi solutions addressing the SME funding gap in East Africa. Pendulum's Web3 technology bridges the Polkadot and Stellar ecosystems, enabling the ClickPesa Debt Fund to provide on-chain financing to microfinance institutions (MFIs) with improved accessibility and interest rates. The initiative targets SMEs and women-led enterprises in Tanzania, offering DeFi investors yield opportunities while advancing financial inclusion. ClickPesa is raising $5 million for the Debt Fund, marking a new phase in Tanzanian fintech and positioning Pendulum as a DeFi hub for underserved markets.
