{"id":194901,"date":"2025-03-29T22:50:40","date_gmt":"2025-03-29T20:50:40","guid":{"rendered":"https:\/\/southafricatoday.net\/africa-news\/east-africa\/kenya\/kenya-lipa-later-enters-administration-after-failed-funding-mounting-debt\/"},"modified":"2025-03-29T22:50:40","modified_gmt":"2025-03-29T20:50:40","slug":"kenya-lipa-later-enters-administration-after-failed-funding-mounting-debt","status":"publish","type":"post","link":"https:\/\/southafricatoday.net\/africa-news\/east-africa\/kenya\/kenya-lipa-later-enters-administration-after-failed-funding-mounting-debt\/","title":{"rendered":"Kenya: Lipa Later Enters Administration After Failed Funding, Mounting Debt"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"story-body-text\" data-para-word-count=\"1\"><em>TLDR<\/em><\/p>\n<ul>\n<li> Kenyan buy-now-pay-later (BNPL) fintech Lipa Later has been placed under administration as of March 24, 2025<\/li>\n<li> The move removes the company&#8217;s directors from control of operations and hands decision-making authority to the administrator<\/li>\n<li> Lipa Later had raised $12 million in equity in 2022 and secured $3.4 million in debt in September 2023<\/li>\n<\/ul>\n<p class=\"story-body-text\" data-para-word-count=\"55\">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&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/allafrica.com\/stories\/202503280500.html\" target=\"_blank\" rel=\"noopener\">Read more on AllAfrica.com<\/a><br \/>\n<br \/>South Africa Today Africa \u2013 East Africa <a title=\"Kenya\" href=\"https:\/\/southafricatoday.net\/africa-news\/category\/east-africa\/kenya\/\">Kenya<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":194902,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[250],"tags":[7115,258,256,6861,9519,9281,6141,4688,430,49641,18348,257,254],"class_list":["post-194901","post","type-post","status-publish","format-standard","has-post-thumbnail","category-kenya","tag-administration","tag-africa","tag-africa-news","tag-debt","tag-enters","tag-failed","tag-funding","tag-kenya","tag-kenya-news","tag-lipa","tag-mounting","tag-news","tag-south-africa-today"],"fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/194901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=194901"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/194901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/194902"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=194901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=194901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=194901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}