# Lulalend funding: rounds and investors

> Lulalend has raised $28M across 2 rounds since 2019. Investors include International Finance Corporation, Quona Capital and Accion Venture Lab.

Source: https://millionrounds.com/company/lulalend (Millionrounds; every figure on the page links to its filing or article)

South Africa · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Lulalend*

2 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Customer Experience Fintech

Raised 9 months ago

Funding summary Updated 26 Oct 2026

**$28M** raised across 2 rounds since 2019, from 2 sources

**$6.5M** Series A **$21M** Debt

- **Latest round:** Debt, $21M Feb 2026
- **Step-up i:** 3.3×
- **Investors:** 5 (2 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2020 2021 2022 2023 2024 2025 2026

**$6.5M** Series A

**$21M** Debt

- **First round:** Series A, $6.5M
- **Biggest round:** $21M
- **Between rounds:** 6.6 years

## The rounds

- **Feb 2026** Debt **$21M** *3 new* *2 returning* [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) [Quona Capital](https://millionrounds.com/fund/quona-capital) [Accion Venture Lab](https://millionrounds.com/fund/accion-venture-lab) [FMO](https://millionrounds.com/fund/fmo) [Lightrock](https://millionrounds.com/fund/lightrock) Source recorded
- **Jun 2019** Series A **$6.5M** *2 new* [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) Lead [Quona Capital](https://millionrounds.com/fund/quona-capital) Lead Reported by TechCrunch

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2019 **Debt** 2026 [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) L [Quona Capital](https://millionrounds.com/fund/quona-capital) L [Accion Venture Lab](https://millionrounds.com/fund/accion-venture-lab) [FMO](https://millionrounds.com/fund/fmo) [Lightrock](https://millionrounds.com/fund/lightrock)

## Everyone who backed them

[International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) Government **2** rounds, led 1

[Quona Capital](https://millionrounds.com/fund/quona-capital) VC firm **2** rounds, led 1

[Accion Venture Lab](https://millionrounds.com/fund/accion-venture-lab) VC firm **1** round

[FMO](https://millionrounds.com/fund/fmo) Government **1** round

[Lightrock](https://millionrounds.com/fund/lightrock) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=lulalend).

## Quick answers about Lulalend

### Who invested in Lulalend?

Lulalend's investors include International Finance Corporation, Quona Capital, Accion Venture Lab, FMO and Lightrock.

### How much has Lulalend raised?

Lulalend has raised $28M across 2 rounds since 2019.

### When did Lulalend last raise?

Lulalend's most recent round was a Debt of $21M in Feb 2026.

### What was Lulalend's biggest round?

Its most recent round, $21M in Feb 2026, is also its largest on record.

### Who backed Lulalend first?

Lulalend's first round on record, in Jun 2019, was backed by International Finance Corporation and Quona Capital.

### What stage is Lulalend at?

Lulalend's latest named round is a Debt, in Feb 2026.

### Where is Lulalend based?

Lulalend is based in South Africa.

### Who led Lulalend's rounds?

International Finance Corporation led the Series A in 2019.

## Companies like Lulalend

In the same sector, and raised in the last eighteen months.

[**Kuunda** $13M · Oct 2026](https://millionrounds.com/company/kuunda)[**LittleFish** $9.5M · Mar 2026](https://millionrounds.com/company/littlefish)[**Happy Pay** $6.8M · Mar 2026](https://millionrounds.com/company/happy-pay)[**Orca Fraud** $2.4M · Mar 2026](https://millionrounds.com/company/orca-fraud)[**Talk360** $9.8M · Feb 2026](https://millionrounds.com/company/talk360)[**Lula** $85M · Feb 2026](https://millionrounds.com/company/lula)

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