Kenya: Lipa Later Enters Administration After Failed Funding, Mounting Debt

TLDR

• Kenyan buy-now-pay-later (BNPL) fintech Lipa Later has been placed under administration as of March 24, 2025
• The move removes the company’s directors from control of operations and hands decision-making authority to the administrator
• Lipa Later had raised $12 million in equity in 2022 and secured $3.4 million in debt in September 2023

Kenyan buy-now-pay-later (BNPL) fintech Lipa Later has been placed under administration as of March 24, 2025, following months of financial strain. Joy…