
Zambia · Financial services startup
Madison Finance Company Limited, known as MFinance, is a Zambian deposit-taking financial institution established in 2004 and regulated by the Bank of Zambia.
Funding reportedLast round: Venture (Round not Specified)
Madison Finance Company Limited, known as MFinance, is a Zambian deposit-taking financial institution established in 2004 and regulated by the Bank of Zambia.
The company focuses on the microfinance and SME segments, providing services to both individuals and businesses throughout Zambia. MFinance offers a range of credit and deposit solutions, including loans for salaried employees, working capital finance, and financing for micro, small, and medium-sized enterprises (MSMEs). Additional financial products include term deposits, housing finance, agric finance, payroll-backed financial products, and internet/mobile banking access. The company aims to promote financial inclusion, particularly for underserved peri-urban and rural communities. Headquartered in Lusaka, MFinance operates a branch network across various regions in Zambia. It is part of the LSA Group ecosystem, which connects it with other financial services businesses under Madison Financial Services PLC.
Funding, as reported
What they build
Known for
outgrower schemespiggery loansmobile bankingmicrofinanceasset financefinancial servicesfinanceregulation by bank of zambiadeposit takingsmallholder financeshort-term capitalpayroll backed servicesloan applicationsmall and medium enterprisesfarmers' credit schemesb2c
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