Enabling Qapital, a Swiss-based impact asset manager, has invested $1.5m in Premier Credit Uganda, a subsidiary of The Platcorp Group, marking a major step on its mission to expand financial inclusion. 

Olivia Fechner, Regional Manager - Africa & Middle East at Enabling Qapital, said: “This investment reflects our commitment to scalable, impact-driven initiatives. Premier Credit Uganda’s approach to financial inclusion and community development aligns with our strategic priorities, and we look forward to supporting their continued growth.”

This investment will enable Premier Credit Uganda to scale operations, innovate its services, and extend access to finance to underserved communities across Uganda.

According to Crunchbase, this investment is the third-largest in Uganda this year, and the only fintech funding deal in the country in July. 

The capital will be used to expand Premier Credit Uganda’s reach, deepen its community impact and enforce strengthened financial inclusion efforts in Uganda to rural communities, women and youth that face barriers to accessing finance. 

The collaboration reflects a shared vision between Premier Credit Uganda and Enabling Qapital for sustainable, inclusive economic growth and underscores the importance of working with like-minded organisations to drive measurable, long-term development.

This milestone strengthens Platcorp’s leadership in impact-driven financial services in Africa and highlights its ability to deliver scalable, impactful financing in Uganda. 

It has been a significant year for Platcorp as it continues its mission to break down barriers to finance for underserved communities. 

In 2024, Platcorp Group, through Premier Credit Uganda, served over 140,000 clients, of which 50% were female, 32% were youth and 71% were in rural areas - underscoring their commitment to serving the underserved.

Brett Sievwright, CEO of The Platcorp Group, said: “We are thrilled to receive funding from Enabling Qapital, which is known for supporting impactful, sustainable initiatives globally, and we are looking forward to using this investment to expand financial access to underserved communities who need it the most. At Platcorp, financial inclusion is more than just a strategic objective - it is our ethos. Through our subsidiaries, like Premium Credit Uganda, and our extensive network, we have empowered over one million active clients with access to finance that is ethical, responsive and purpose-built.”

Sammy Kandie, MD of Premier Credit Uganda, added: “This is more than just investment - it’s a way for us to deliver widespread community benefits and improve financial inclusion across a region which is typically shut out from traditional financial institutions. This investment will enable us to enhance our existing services, ensuring we consistently deliver the most tailored credit solutions to individuals and micro-entrepreneurs who may not qualify for conventional financial products. It’s an honour to share such a vision with Enabling Qapital, and I look forward to seeing how our collaboration will drive financial inclusion for communities across the region.”