Verdant Capital has provided a revolving credit facility to Patasente Uganda, enhancing its capabilities in serving farmers and suppliers within Uganda's agricultural sector.

Information on the Target

Verdant Capital has announced a revolving credit facility for Patasente Uganda, a digital trade services platform designed to benefit farmers, warehouses, and factories. The funding will assist Patasente in enhancing its invoice discounting and supplier financing operations. The name 'Patasente' derives from local Swahili and Luganda dialects, meaning 'Get Money'.

Founded in 2016 by George Bakka and Gilbert Mutungi, Patasente is headquartered in Kampala, Uganda. The company operates an e-procurement, payments, and factoring platform that facilitates trade between sellers and buyers on favorable terms. By enabling suppliers—primarily farmers and warehousing centers—to sell their products to large buyers, mainly factories, Patasente plays a vital role in strengthening the agricultural supply chain.

Industry Overview in Uganda

The agricultural sector is a cornerstone of Uganda's economy, contributing a significant portion of GDP and employing a large percentage of the work force. With fertile land and a favorable climate, Uganda is ideally situat