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October 2021

Amitruck Partners with IMFact to Impact Africa’s Logistics Ecosystem

Amitruck, Africa’s leading digital logistics company, has partnered with IMFact, a Smart Finance alternative to traditional bank lending for Kenyan SMEs in supply chain businesses.

The partnership will enable Amitruck to increase its financial stability and optimise its working capital, thus eliminating constraints related to overhead costs and long payment cycles.

According to IMFact Commercial Director, Derrick Lwatati, “IMFact offers clients the ability to grow their business by turning their debtor portfolio immediately into cash. Also known as factoring, this method allows IMFact clients to use the cash we inject into their businesses to purchase more goods or optimize payments to their suppliers.

“As IMFact clients access cash immediately they are able to extend favourable payment terms to their clients or even offer upfront credit as a strategy to secure new business which ensures they generate more sales, “he added.


Factoring differs from the traditional invoice discounting offered by banks which focuses on single invoices for large institutions coupled with collateral demands.  Instead, it seeks to understand the business and its operating environment as well as data related to potential for growth.

According to Lwatati, “We have affiliated with Amitruck because of their innovative approach to solving the inefficiencies in the logistics sector. Their solutions have disrupted the local transport market and given them an edge over other trucking and logistics companies.”


Trucking logistics companies usually face challenges in allocating funds to fuel trucks, pay drivers and maintain quality professional standards. IMFact’s financing bridges the gap to enable transporters to run their businesses efficiently and affordably.


Speaking about the partnership, Amitruck CEO & Founder, Mark Mwangi said, “We have been able to realize financing with IMFact at attractive commercial terms and we especially like the flexibility it offers. This means that we can use exactly the amount of financing we need without any additional costs as bank financing would have.”

“Amitruck is going across borders, and this has been made possible through partnerships like this where Growth Africa through its accelerator program offers mentorship and advisory support then brings on board IMFact to plug in the much needed financial resources. We are honoured to be part of this ecosystem alongside other SMEs in the logistics sector that have been given the opportunity to scale, hence impact Africa’s economy through efficient logistics solutions.”


For more information please contact

Mary Gitari I Brand Spark PR  I Tel : 0722 224 972 I E:
Mark Mwangi I CEO, Amitruck I


Amitruck, is a trucking logistics marketplace that allows transporters (owners of motorbikes, pick-ups, vans and trucks) to find and connect with customers through its mobile and web applications.

Transporters bid for work on the platform, ensuring competitive prices, while cargo owners have convenient access to a range of competitive offers and can choose a transporter based on price, rating and experience.

The platform has over 5500 vehicles that have completed over 40,000 deliveries for over 200 corporate clients and is re-defining and building Africa’s logistics marketplace by bringing trust and transparency back to transport. For more information visit


IMFact is a pan-African, non-deposit taking financial institution, using supply chain financing to provide working capital to SMEs, which at present have limited access to both financial and banking systems across the continent. Launched in 2019, our fintech factoring solution is nimble, responsive, and flexible in meeting the financing needs of our clients. IMFact was incubated by its parent company Cardano Development (CD), an incubator and fund manager based in Amsterdam, The Netherlands, with grant funding from KfW on behalf of the German Ministry for Economic Cooperation and Development (BMZ).

IMFact has also received early- stage grant funding from The Rockerfeller Foundation and Convergence. Further to CD’s initial investment, FSD Africa Investments has provided the first external equity investment in IMFact. IMFact Kenya is the first regional hub to become operational and was developed by CD with funding support from Total Impact Capital Advisors (TIC).


For more information visit