Storyline
Kuunda's Rare $5m Secondary Exit
Timeline
- Sat, Oct 17LatestUnverified — not yet reviewed
Kuunda Co-Founder Andrew Milne Dies at 54 Days After $5 Million Secondary Deal
Andrew Milne, co-founder of South African lending-as-a-service startup Kuunda and a pioneer of credit access for African small businesses, has died at 54. His passing follows days after Kuunda completed a $5 million secondary share sale, raising succession questions for the business.
- Fri, Oct 16Unverified — not yet reviewed
Kuunda Co-Founder Andrew Milne Dies Days After Closing $5 Million Secondary Deal
Andrew Milne, co-founder and co-CEO of South African lending-as-a-service startup Kuunda, has died at 54, days after the company completed a $5 million secondary share sale led by E4E Africa. The timing links a rare African startup liquidity event to a personal loss with succession implications for the business.
- Wed, Oct 14Unverified — not yet reviewed
Kuunda Completes $5 Million Secondary Share Sale Led by E4E Africa
South African lending-as-a-service startup Kuunda has completed a $5 million secondary share sale led by E4E Africa, returning capital to early investors while deepening E4E Africa's stake in the business. The transaction is being cited as a rare early-stage liquidity event demonstrating that secondary exit pathways exist in the African startup ecosystem.