# Tugende

**Source:** https://www.startuphub.ai/startups/tugende
**Profile type:** Startup

> Provider of asset finance for small businesses in Uganda.

## About

Tugende is a for-profit social enterprise that uses asset finance, technology, and a customer-centric model to help informal sector entrepreneurs and MSMEs increase their economic trajectory. They offer lease-to-own financing for income-generating assets, build digital credit profiles for clients, and provide access to future growth opportunities through their digital platform. Tugende operates in Uganda and Kenya, serving over 52,000 clients.

## Key facts

- **Slug:** tugende
- **Website:** https://tugende.ug/
- **Location:** Kampala, Uganda
- **Founded:** 2012
- **Operating status:** Inactive
- **Total funding:** $20M

## Frequently asked

### What does Tugende do?

Tugende is a for-profit social enterprise that uses asset finance, technology, and a customer-centric model to help informal sector entrepreneurs and MSMEs increase their economic trajectory. They offer lease-to-own financing for income-generating assets, build digital credit profiles for clients, and provide access to future growth opportunities through their digital platform. Tugende operates in Uganda and Kenya, serving over 52,000 clients.

### What is Tugende's valuation?

StartupHub estimates Tugende's effective valuation at $82.3M (range $49.8M to $119.4M, 10% confidence), based on comparable companies in the sector.

### How much funding has Tugende raised?

Tugende has raised a total of $20M in funding. The most recent round on record is Pre-Series B.

### Where is Tugende headquartered?

Tugende is headquartered in Kampala, Uganda.

### When was Tugende founded?

Tugende was founded in 2012.

### What is Tugende's current status?

Tugende's current operating status is: Inactive.

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