Lessons for Ethiopia’s Digital Lending Sector from Kenya’s BNPL Collapse

Lipa Later, a BNPL startup from Kenya recently entered into administration after raising millions in funding. Its story serves as a cautionary tale for Ethiopia’s emerging digital lending industry.

April 7, 2025

Surafel Yazachew

Addis Ababa, Ethiopia

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Surafel Yazachew

Surafel Yazachew is a CISI-certified manager of digital lending at Wegagen Bank S.C. He has expansive experience in Ethiopia's financial ecosystem and its emerging digital finance sphere.

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