Ugandan fintech startup Zofi Cash has raised $1 million in pre-seed funding to further develop its instant salary advance platform. The platform allows employees to access their wages in advance, providing them with financial flexibility and the ability to meet immediate needs. The funding was secured from Advancly, a business-to-business financing company with a presence in multiple African countries. This investment marks Advancly's entry into the Ugandan market and aligns with its goal of innovating money flow and building a stronger financial ecosystem. Zofi Cash aims to ensure that every day becomes a payday for salaried workers by providing them with timely access to their earnings.
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