Home Fuzu Fuzu In brief Fuzu is a career development, learning and recruitment platform developer and operator in Kenya, Uganda and Nigeria. The company aims to provide a reliable and intelligent recruitment platform that brings the African job market online.Fuzu is currently the number one career platform in East Africa and among the top 40 websites in Kenya, measured by visitor traffic. The company has about 350,000 unique monthly visitors and over 5,000 daily applications.Finnfund invested with Sparkmind to finance the B2B operations growth in the current key markets in Kenya, Uganda and Nigeria. Main development impact Fuzu’s services aim to develop and formalise the job market. In Kenya, the youth unemployment rate is high, only a fraction of the workforce is formally employed, and the labour force is increasing 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: Kenya, Uganda, Nigeria Sector: Digital infrastructure and solutions Signing date (month/year): September 2022 Currency: EUR Finnfund's financing (commitment): 500,000 Instrument: Mezzanine Size of the project financing: EUR 1,200,000 Share of Finnfund's financing (%): 42 % Status: Active Website: https://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 Africa November 2016 EUR 999,690 September Read our transparency and disclosure policy More information: Ajankohtaista ja julkaisut Nykyiset investoinnit Toimialat Yhteystiedot Key facts Name: Fuzu Sector: Digital infrastructure and solutions Region: Africa Country: Kenya, Uganda, Nigeria Currency: EUR Finnfund's financing (commitment): 500,000 Signing date (month/year): September 2022 Last update: 13 December 2024