Platinum Credit Uganda (PCU), a subsidiary of The Platcorp Group, has secured a $4 million investment from Swiss asset manager Symbiotics in a move set to expand financing access for low-income households and micro, small, and medium enterprises (MSMEs) across Uganda.
The 24-month facility, disbursed in December 2025, is already being deployed to strengthen PCU’s lending capacity, with the firm rolling out enhanced loan products under a phased approach.
MSMEs form the backbone of Uganda’s economy, representing more than 90% of private sector businesses. Yet despite their critical role in job creation and economic growth, many remain locked out of formal financing due to longstanding structural barriers. The new funding is aimed at narrowing this financing gap and unlocking capital for entrepreneurs and underserved communities.
Duncan Frayne, Regional Director for Sub-Saharan Africa at Symbiotics, described the investment as a strategic partnership to grow PCU’s MSME portfolio and reinforce its commitment to inclusive and sustainable development in Uganda.
Platcorp Group CEO Brett Sievwright noted that the capital injection would significantly enhance Platinum Credit Uganda’s ability to expand financial access to underserved segments, adding that the partnership strengthens Platcorp’s broader mission of delivering impact-driven finance across Africa.
Albert Abaasa, Managing Director of PCU, emphasized the transformative potential of the funding, stating that increased access to microfinance would stimulate community-level growth, empower entrepreneurs, and contribute to wider economic resilience. He underscored that while Uganda is rich in entrepreneurial talent, many small business owners have historically been excluded from traditional banking channels.
With fresh capital now in play, Platinum Credit Uganda is positioning itself to scale inclusive lending and accelerate impact financing in one of East Africa’s most dynamic SME markets.


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