# Madison Finance Company Limited: Financial services, Lusaka, Zambia

> Madison Finance Company Limited: Madison Finance Company Limited, known as MFinance, is a Zambian deposit-taking financial institution established in 2004...

Source: https://millionrounds.com/startup/madison-finance-company-limited (Millionrounds; every figure on the page links to its filing or article)

Zambia · [Financial services startup](https://millionrounds.com/companies)

# Madison Finance Company Limited

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 reported Last round: Venture (Round not Specified)

Financial services Lusaka, Zambia

Company summary

- **Founded:** 2004 22 years old
- **Team:** 180 51 to 200 people
- **Funding reported:** - none reported
- **Last round:** Venture (Round not Specified) Aug 2013

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Madison Finance Company Limited has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Madison Finance Company Limited

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.

## What company datasets say Madison Finance Company Limited raised

Funding, as reported

The last round reported **Venture (Round not Specified)** Aug 2013

Last round date **Aug 2013**

## On a portfolio page

Investors who name them

- [Equator Capital Partners](https://millionrounds.com/fund/equator-capital-partners-llc)

Each firm lists Madison Finance Company Limited on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

outgrower schemes piggery loans mobile banking microfinance asset finance financial services finance regulation by bank of zambia deposit taking smallholder finance short-term capital payroll backed services loan application small and medium enterprises farmers' credit schemes b2c

Built with from their website

Google Maps Google Tag Manager WordPress.org DataTables Font Awesome Apache Elementor Microsoft.net Microsoft Windows Viewport Meta

+8 more

IIS.NET All in One SEO Windows Server Underscore.js Priority Hints Google Font API Microsoft Exchange

- **Sector:** Financial services
- **Industry code:** NAICS 52229, 522110, SIC 6162, 6021
- **Region:** Lusaka Province
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/mfinance)

## Financial services in Zambia

Startups like it

- [**Lupiya** Lusaka · founded 2016 *Raised*](https://millionrounds.com/company/lupiya)
- [**Union54 (YC S21)** Lusaka · founded 2020](https://millionrounds.com/startup/union54-yc-s21)
- [**Betternow Finance Company** Lusaka · founded 2012](https://millionrounds.com/startup/betternow-finance-company)
- [**ChitChat** Lusaka · founded 2015](https://millionrounds.com/startup/chitchat-3)
- [**Zazu** Lusaka · founded 2015](https://millionrounds.com/startup/zazu-3)
- [**ComGrow** Lusaka · founded 2019](https://millionrounds.com/startup/comgrow)
- [**Lenco by BroadPay** Lusaka · founded 2012](https://millionrounds.com/startup/lenco-by-broadpay)

## Is this your company?

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