Fuzu

fuzu staff working in their office

In brief

Fuzu Limited is a Kenyan-Finnish company that launched the Fuzu employment platform in 2015.Fuzu is an online career and recruitment platform that provides job seekers with access to career advice, online learning and jobs. For employers, it provides a set of tools for identifying the best matching candidates via search and recruitment solutions and automated analysis of CVs. The platform integrates online psychometric testing and talent profiling of candidates into the application process.Fuzu aims to combine the strengths of the Finnish education and innovation systems with a deep understanding of the end-users, their needs and aspirations in the African context. In Kenya, as in many other countries, the unemployment rate is very high, and young people are having difficulties entering the workforce. Fuzu aims to help people embark on meaningful careers and build better lives and help companies find the right talent.Finnfund participates in financing Fuzu’s expansion in Kenya and the launch of the platform in selected geographies in Africa and Asia.

Main development impact

Fuzu’s services help to develop and formalise the job market. The youth unemployment rate is high, and only a fraction of the workforce is formally employed. Fuzu increases the employability of job seekers in developing countries, especially in Africa, where the labour force is growing rapidly. Fuzu's employment platform aims to narrow the employability gap, especially among the young working-age population.

Investment details

Name: Fuzu
Project number: 80000062
Region: Africa
Country: Africa
Sector: Digital infrastructure and solutions
Signing date (month/year): November 2016
Currency: EUR
Finnfund's financing (commitment): 999,690
Size of the project financing: EUR 4,000,000
Share of Finnfund's financing (%): 37 %
Status: Active
Website: www.fuzu.com

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

Other investments

Name Country Signing date (month/year) Currency Finnfund's financing (commitment) Instrument
Fuzu Kenya, Uganda, Nigeria September 2022 EUR 500,000 Mezzanine
November

Key facts

Name:

Fuzu

Sector:

Digital infrastructure and solutions

Region:

Africa

Country:

Africa

Currency:

EUR

Finnfund's financing (commitment):

999,690

Signing date (month/year):

November 2016

Last update:

13 December 2024