Platinum Credit Uganda Raises $4M for MSME Growth

Platinum Credit Uganda, a subsidiary of ThePlatcorp Group, has secured $4 million in investment from Swiss asset managerSymbiotics to expand its financing for low-income households and micro, small, and medium enterprises (MSMEs) across Uganda.

MSMEs are the backbone of Uganda’s economy, accounting forover 90% of private sector firms. However, MSMEs and low-income households face a considerable financing gap and are regularly blocked from accessing critical investment due to historic financial barriers. This injection of funding allows Platinum Credit Uganda to expand their vital work providing flexible loan products tailored to the unique needs of MSMEs and increasing the financial stability of low and middle-income households.

This material commitment to financial inclusion aligns with Platcorp’s and Symbiotics’ goals to drive sustainable, meaningful change through finance. Increasing financial inclusion among Ugandan MSMEs allows them to access the working capital they need to hire, innovate, and expand operations, stimulating the country’s economy and unlocking huge growth potential. The loan also expands Platinum Credit Uganda’s capacity to serve low and middle-income households with the new capital, directly enhancing community resilience and enabling families to better manage essential expenses such as education, health, and housing.

The $4 million investment, provided over a term of 24 months, was disbursed for deployment on December 22, 2025. Subsequently, Platinum Credit Uganda launched their phased offering of enhanced loan products. New loan applications under the expanded MSME and Household programmes are open, effective immediately, at all Platinum Credit Uganda branches and digital channels.

This announcement is just the latest in a long line of wins for the microfinance lender.  Platinum Credit Uganda serves over 100,000 clients, with more than half (55%) coming from rural areas, more than a quarter (28%) being youth clients and 23% female clients. Additionally, just under half (47%) of the lender’s MSME clients were women. These metrics represent the commitment of Platinum  Credit Uganda and Platcorp to real financial inclusion and serving marginalised groups and communities.

Duncan Frayne, Regional Director of Sub-Saharan Africa at Symbiotics says“Symbiotics is delighted to partner with Platinum Credit Uganda through the arrangement of a USD 4 million investment, supporting the growth of their MSME portfolio and reinforcing PCU’s commitment to driving inclusive and sustainable development across Uganda.”

Brett Sievwright, CEO at Platcorp says,“This multi-million investment from Symbiotics will be instrumental in helping Platinum Credit Uganda expand vital financial access to underserved groups in Uganda. Our partnership with Symbiotics will fuel their work – and the work of Platcorp as a whole – in creating meaningful, sustainable change and driving impact financing across Africa.”

Albert Abaasa, MD of Platinum Credit Uganda says,“Symbiotics’ investment will have a transformative effect on our work and directly translate to community benefits, business growth, and improved financial inclusion. Through our partnership, Symbiotics is using finance as a force for good. Uganda has a wealth of talent and micro-entrepreneurs, but for too long, they have been shut out of traditional finance. Microfinance provides an exciting opportunity to drive growth in communities and see success ripple over the wider economy.”