The crowdfunding platform Wegenfund which was initially launched to support charities, religious organizations, and individuals with medical emergencies has now expanded its services to include startups and businesses.


Developed by Wegen Technology Solutions, a technology firm based in Addis Ababa, in collaboration with the Bank of Abyssinia, Wegen extended its services to support entrepreneurs and small businesses after recognizing the challenge of securing finance faced by early-stage startups.

The launch of Wegenfund for businesses was officially announced at a virtual event held on March 9, 2023. Co-founder and Director, Dr. Belachew Chekene Tesfa, explained that Wegenfund currently…

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