When was Tugende founded?

Tugende was founded in 2012 and raised its 1st funding round 6 years after it was founded.

Where is Tugende located?

Tugende is headquartered in Kampala, Uganda.

Who is the current CEO of Tugende?

Michael Wilkerson of Tugende. They have also founded 1 company.

How many employees does Tugende have?

As of Jul 01, 2024, the latest employee count at Tugende is 381.

Is Tugende a funded company?

Tugende is a funded company, having raised a total of $26.2M across 12 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on Aug 01, 2018.

When was the latest funding round of Tugende?

Tugende's latest funding was a $***** Series A round on Oct 11, 2022, with participation from 2 investors.

Where does Tugende rank among its competitors?

Tugende ranks 2nd amongst 15 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Premier Credit, which secured $1.5M in Sep, 2025.

Who are the top competitors of Tugende?

Tugende's top competitors include GE Capital, KJMC Finserv Group and Premier Credit. Among them, Premier Credit secured the most recent funding round in September, 2025.

Tugende - 2026 Company Profile, Team, Funding & Competitors

Tugende is a series A company based in Kampala (Uganda), founded in 2012 by Matt Brown and Michael Wilkerson. It operates as a Provider of asset financing, digital credit profiles, and growth opportunities. Tugende has raised $26.2M in funding from Partech Partners. The company has 15 active competitors, including 2 funded and 2 that have exited. Its top competitors include companies like GE Capital, KJMC Finserv Group and Premier Credit.

Company Details

Provider of asset financing, digital credit profiles, and growth opportunities. The company enables informal entrepreneurs to own income-generating assets. It builds verifiable digital credit profiles for clients. The company offers opportunities through a digital platform. It provides financing and value-added services. The company supports micro, small, and medium enterprises.

Website: gotugende.com
Social
Email ID: *****@goTugende.com
Phone Number: +256 **********

Key Metrics

Founded Year

2012

Location

Kampala, Uganda

Stage

Series A

Total Funding

$26.2M in 12 rounds

Latest Funding Round

Series A, Oct 11, 2022, $*****

Investors

Partech Partners & 18 more

Ranked

2^nd among 15 active competitors

Employee Count

381 as on Jul 01, 2024

Similar Companies

Indifi & 3915 more

View Tugende's full profile

Tugende has raised a total funding of $26.2M over 12 rounds. Its first funding round was on Aug 01, 2018. Its latest funding round was a Series A round on Oct 11, 2022 for $*****. 2 investors participated in its latest round. Tugende has 19 institutional investors.

Here is the list of recent funding rounds of Tugende:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 11, 2022	8805547	Series A	9450608	4514880	8772875	1420474
Oct 11, 2022	1257878	Conventional Debt	1562018	6522143	4612195	Partech Partners & 1 more
Jul 11, 2022	2887295	Conventional Debt	6456282	9547078	7962921	6012213

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View details of Tugende's funding rounds and investors

The founders of Tugende are Matt Brown and Michael Wilkerson. Michael Wilkerson is the CEO of Tugende.

Here are the details of Tugende's key team members:

Matt Brown: Co-Founder of Tugende.
Michael Wilkerson: Co-Founder & CEO of Tugende.

View details of Tugende's Founder profiles and Board Members

Tugende's employee count trend

Tugende has 381 employees as of Jul 24. Here is Tugende's employee count trend over the years:

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Top competitors of Tugende include GE Capital, KJMC Finserv Group and Premier Credit. Here is the list of Top 10 competitors of Tugende, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	GE Capital 1932, Norwalk (United States), Public	Provides commercial aircraft leasing and lending services	-	Forum Capital Advisors, OSTI	60/100
2nd	Tugende 2012, Kampala (Uganda), Series A	Provider of asset financing, digital credit profiles, and growth opportunities	$26.2M	DFC, Symbiotics Group & 17 others	45/100
3rd	KJMC Finserv Group 1988, Mumbai (India), Public	Corporate advisory firm	-	-	39/100
4th	Premier Credit 2014, Kampala (Uganda), Seed	Provider of consumer and SME loans	$1.5M	Enabling Qapital, Social Investment Managers & Advisors ... Read more	37/100
5th	FINCA 2018, Kampala (Uganda), Unfunded	Micro-loans and micro-insurance for low income individuals	-	-	35/100
6th	Demos Capital 2019, Kampala (Uganda), Unfunded	Provider of short-term financial services, including loans, to civil servants and entrepreneurs	-	-	20/100
7th	MARU Credit 2018, Kampala (Uganda), Unfunded	SME loans provider	-	-	16/100
8th	SWACOFF 2017, Kampala (Uganda), Unfunded	Provider of business project financing services	-	-	16/100
9th	Damex Trading Company 2019, Jinja (Uganda), Unfunded	Provider of financial services, investment strategies, and trading solutions	-	-	16/100
10th	Red Oak 2008, Kampala (Uganda), Unfunded	Provider of financial services, real estate, and equity investments.	-	-	16/100