Funding of $700,000 Achieved in Preliminary Financing Round to Drive Innovation in African Credit Card Issuance

In exciting news for the African fintech industry, Scale, an African-founded Issuer Orchestration Platform, has successfully raised $700,000 in Pre-Seed funding. This investment, led by early-stage investors 54 Collective and First Circle Capital, is a testament to the value of Scale's proposition and the company's commitment to empowering African fintechs.

Scale's innovative solution, the Orchestration Issuing Layer (SOIL), connects fintechs to the ecosystem they need, guiding them through the complexities of launching and scaling payment products. With SOIL, fintechs can launch cards within weeks, significantly reducing time to revenue, as highlighted by Selma Ribica of First Circle Capital.

Miranda Perumal, CEO of Scale, believes this investment reflects the company's dedication to making a tangible impact and propelling African fintechs towards success. She sees Scale as more than a startup; it's a promise fulfilled.

Scale's approach is people-first, dedicated to empowering businesses across Africa with payment and card solutions. The company's mission is to break down fintech barriers across the continent, helping fintechs navigate the fintech death curve and attract investment to the continent.

Besides 54 Collective and First Circle Capital, Sunny Side Venture Partners and prominent industry angel investors also participated in Scale's financing. Sadaharu Saiki, Founder & GP of Sunny Side Venture Partners, praises Scale's ability to tackle the complex task of card issuing across multiple countries.

Hetal Patel, Chief Investment Officer at 54 Collective, backs Scale for disrupting industries, expanding financial inclusion, and enabling entrepreneurship. Selma Ribica of First Circle Capital also praises Scale's partnership-led approach, which she believes is the best way to scale the business.

Scale is committed to making a difference and is aiming to expand into Kenya, Zambia, and Cote d'Ivoire. The company's innovation accelerates onboarding and product launches using technology, helping fintechs execute their Go-To-Market and Speed-To-Revenue strategies.

With Scale's strategic partnerships with investors, banks, networks, and payment technology providers, the company is set to revolutionize the payments landscape and empower African fintechs towards success.