Twiga Foods secures funding in refinancing move following debt lawsuit

By : Redaction

Date : mardi, 28 novembre 2023 16:09

Last updated : mercredi, 29 novembre 2023 04:49

Kenyan platform Twiga Foods, which connects farmers with vendors, recently secured undisclosed funding during a refinancing effort following a KES 40 million debt collection lawsuit.

Investors, including Creadev, Juven, TLcom Capital Partners, and DOB Equity, who participated in Twiga's 2021 $50 million Series C, provided the funding. In a deleted Medium article, CEO Peter Njonjo announced the completion of the restructuring, ensuring suppliers that overdue payments would be settled, reversing Twiga's initial dispute over the debt collection.

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