How Kenya’s Mosmos is helping users pay for goods in flexible installments 🇰🇪
Mosmos, a Kenyan save-to-buy platform, allows users to pay for high-value products and services in flexible installments while earning rewards and unlocking discounts. The platform aims to bridge the affordability gap for such purchases and make savings more targeted and achievable. Users can save for items they want to purchase interest-free. Mosmos has gained traction among users and investors, securing funding in a pre-seed round from investors like Antler East Africa, Sovereign Capital, StartUp Istanbul, and the Nairobi Business Angel Network. The platform generates revenue from suppliers and partners, not from customers, and has a customer footprint across all 47 Kenyan counties. While considering expansion into other markets, Mosmos remains cautious about the current startup ecosystem challenges and focuses on achieving profitability.
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