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Originally published by Capital Business
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business
August 6, 2026
4h ago

Peach Cars secures Sh517.6mn from Japanese lenders for expansion

Peach Cars secures Sh517.6mn from Japanese lenders for expansion

The financing was provided by Japan Finance Corporation (JFC) and Shoko Chukin Bank, adding to the company's Sh1.42 billion Series A funding raised in June 2025, one of the largest Series A rounds in Africa's mobility sector...

✨ Key Highlights

Peach Cars, an online vehicle marketplace, has secured Sh517.6 million in debt financing from two Japanese financial institutions to fuel its expansion in Kenya.

  • This funding adds to the company's previous Sh1.42 billion Series A round raised in June 2025.
  • The lenders are Japan Finance Corporation (JFC) and Shoko Chukin Bank.
  • The funds will be used to enhance vehicle inspection capacity, expand vehicle financing access, and strengthen its marketplace, which currently lists over 1,500 vehicles.

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