Rafode ltd

Rafode ltd

Entrepreneurs

Antony Mayodi

Antony Mayodi

Managing Director

Antony Mayodi is a Managing Director at Rafode ltd.
$ 0 K

  • Rafode ltd has joined FasterCapital's portfolio.
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Idea

Rafode ltd is a company focused on addressing the significant financial barriers faced by underbanked and unbanked small and medium-sized enterprises (SMEs), smallholder farmers, and cooperatives in Kenya. These groups lack the collateral to access credit, hindering their ability to invest in their businesses, increase productivity, and improve livelihoods. Rural farmers, in particular, face challenges such as high post-harvest losses, low productivity, and unreliable energy sources. Despite these obstacles, there is a huge market potential for financing solutions that can empower these groups to grow their businesses, improve food security, and reduce poverty.

Challenge

Rafode ltd is addressing several key challenges in Kenya’s rural and agricultural sectors. These include energy poverty, where rural businesses lack reliable, affordable power for essential activities like cooling, irrigation, and processing. The company also tackles high operation costs caused by dependence on diesel and unreliable grid power. Furthermore, Rafode ltd bridges the financing gap by offering credit to underbanked MSMEs, particularly those run by youth and women, who often lack access to financial services and the skills necessary to transition to climate-smart agriculture. Through its integrated approach, Rafode ltd is helping smallholder farmers improve farm inputs, enhance yields, and reduce food insecurity, while promoting long-term climate resilience.

Solution

Rafode ltd offers an innovative solution by unlocking finance to SMEs and smallholder farmers through a four-pillar approach: finance, technology, capacity-building, and market linkages. The company provides working capital and asset-backed loans to help farmers and businesses purchase solar-powered equipment, such as irrigation systems, milk chilling units, and cold storage. This, in turn, reduces energy costs, minimizes spoilage, and boosts productivity. Additionally, Rafode ltd trains clients on business operations and connects them to buyers, ensuring that increased production translates into higher and more stable incomes.


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Rafode ltd's News (1)

FasterCapital adds Rafode to EquityPilot to boost digital finance and renewables
10 Apr 2026

FasterCapital adds Rafode to EquityPilot to boost digital finance and renewables

Kisumu, Kenya & Dubai, UAE — 10 Apr 2026

FasterCapital has selected Rafode ltd to join EquityPilot, supporting the Kenyan fintech’s plan to digitize operations and expand financing for micro, small and medium enterprises, smallholder farmers, and renewable energy access across Western and adjacent regions of Kenya.

FasterCapital and EquityPilot will prioritize Rafode’s digital transformation and portfolio growth in the first 30–60 days, focusing on product and operational execution milestones to prepare the startup for scaled outreach and improved service delivery.

Why It Matters?

Rural and underbanked communities in Kenya face persistent barriers to affordable finance and clean energy products. Affordable, credit-enabled access to solar home systems, clean cookstoves, and productive-use appliances can improve health, lower energy costs, and support income-generating activities. Rafode targets these gaps by combining lending with renewable energy distribution and tailored SME financing.

What the Startup Delivers?

Rafode provides a mix of micro and SME loans, agricultural input financing, asset finance, and credit for renewable energy products. The company operates from Kisumu with outreach across Western, Northern and Rift Valley regions, offering products such as solar home systems, energy-saving cookstoves, irrigation pumps on lease-to-own, and loans structured for groups and individuals. Rafode emphasizes women and disadvantaged households as primary beneficiaries.

Why Now?

Timing Digital financial services and mobile-first delivery are increasingly central to serving dispersed, low-income customers. Rafode aims to migrate to a fully digitized model, build a mobile app and an e-commerce platform, and improve IT systems to reach more clients efficiently while reducing operational costs.

What FasterCapital Will Provide?

FasterCapital Support Scope - Execution-focused coaching on milestone planning and fundraising readiness

- Technical guidance for digitization, including product and platform strategy

- Connections to relevant mentors and ecosystem stakeholders for fintech and energy sectors

- Support refining go-to-market and customer acquisition approaches

- Advice on operational readiness for scaling lending and appliance distribution

First 30–60 Days Program Plan

Initial work will center on defining a prioritized product roadmap for the mobile app and e-commerce platform, assessing core IT integrations, and establishing measurable operational milestones for portfolio growth. FasterCapital will work with Rafode’s leadership to set execution timelines, refine pitch materials, and align team responsibilities for the digital transition.

Leadership Comment

“Hesham Zreik, Founder and CEO of FasterCapital, said: ‘We’re excited to support Rafode through EquityPilot. Our team will focus on execution milestones and connecting the startup with the right ecosystem stakeholders.’”

Next 90 Days

Near-Term Roadmap Rafode plans to complete a technical requirements specification, begin iterative development of its mobile and e-commerce interfaces, train staff on digital workflows, and accelerate lending to priority client segments as systems come online.

About Rafode

Rafode is a Kenyan fintech and renewable energy financier headquartered in Kisumu that focuses on inclusive finance for base-of-pyramid consumers, micro, small and medium enterprises, and smallholder farmers. Its products include business loans, green energy loans, education loans, asset financing, and renewable energy appliances supplied via credit. Rafode emphasizes financial inclusion, women’s empowerment, and environmentally sustainable energy access. Founded by Antony Mayodi.

About FasterCapital

FasterCapital is a global venture builder and online incubator dedicated to co-funding and co-founding innovative startups. Established in 2014, we are now #1 venture builder in terms of number of startups that we have helped, money invested and money raised. It supports startups worldwide through various programs, including funding assistance, business development, and technical support. The EquityPilot program is designed to help early-stage startups build scalable solutions with mentorship, strategic guidance, and network support.

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