Engage Capital to Acquire Kenya’s Lipa Later for $24.5M

Engage Capital to acquire Kenya’s Lipa Later for $24.5M

On Techpoint Digest, we discuss how VC wants to acquire Kenya's Lipa Lata for $24.5M, how Nestuge is helping Nigerian creators get paid, and Kenya's move to ban online booze sales.

Engage Capital bids $24.5 million to acquire struggling Lipa Later

Engage Capital, a Kenyan-focused venture capital firm, has made a $24.5 million offer to acquire Lipa Later, a Kenyan buy-now-pay-later startup that went into administration in March 2025 after failing to raise new capital, according to three people familiar with the matter. Engage Capital sent a letter of intent (LOI) to LipaLater in mid-May, proposing to acquire LipaLater’s technology platform, customer base, intellectual property, and operati…