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7 Kenyan Startups to Watch in 2020

Kenya Startups 2020 - Founder360 2

Innovation

7 Kenyan Startups to Watch in 2020

Kenya has experienced the surge in the number of innovation startups sprouting, high growth of venture capital investments, and a lot of success stories making it among the top tech startup destination in Africa.  

Every year we get to highlight the hottest and most innovative startups that are disrupting the various sectors while providing urgent solutions targeting the bottom of the economic pyramid.

Below we present to you 7 Kenyan startups worth watching out as we usher in 2020.

 

Fundis (Marketplace)

Fundis - Founder360

Fundis is an online P2P platform that connects customers with vetted and reliable craftsmen in Kenya.

Founded by Alex Liwali Kamanga in 2018, Fundis provides an avenue for revenue generation for the highly fragmented semi-formal work sector through their mobile while at the same enabling customers to access competent, vetted and reliable specialists’ services at their convenience with a quality work guarantee.

The startup raised undisclosed funding from a local VC firm Kuria Capital in 2019 to technically upgrade its platform.

Fundis will be one startup to keep an eye on this year as a contributor to the rise of the gig economy in Kenya which is projected to reach US$345 million and employ a total of 93,875 by 2023.

 

Ilara Health (HealthTech)

Ilara Health - Founder360

Ilara Health is a HealthTech startup that provides low-cost artificial intelligence (AI) powered diagnostic devices to healthcare facilities in peri-urban and rural clinics.

The startup which was founded in 2018 by Emilian Popa, Amaan Banwait and Hannes Eckmayr provides tech-powered diagnostic equipment at affordable prices to healthcare facilities who then pay for them over some time. The startup proprietary electronic medical record (EMR) systems record patient data and help doctors to provide effective patient management and also sends customized health tips and reminders to patients based on their condition.

Last year, Ilara Health raised US$735 000 in seed funding from a group of angel investors and venture capital (VC) firms including ShakaVC. The startup also received US$25,000 grant funding Tamer Fund for Social Ventures, a Columbia Business School program 

Read: 11 Innovative Kenyan Startups to Watch in 2019

African Sokoni (E-commerce)

AfricaSokoni - Founder360

AfricaSokoni is an E-commerce startup in Kenya that is leveraging on the power of internet technology to bring African consumers and retailers together in one marketplace providing a seamless shopping experience.

The E-commerce startup was founded in 2017 by Ebrima Fatty to solve the structural gap problems between demand and supply in African markets enabling a more competitive and efficient solution for the growing E-commerce industry in Africa.

AfricaSokoni secured US$445,000 in seed funding from several angel investors to expand its operations.

 

Asilimia (FinTech)

Asilimia - Founder360

Asilimia is a Kenyan Fintech that aims to empower small businesses through an affordable, easy-to-use and tailored digital payments platform. 

Through its mobile app, the startup allows business owners to easily send money at scale, invest savings on transaction fees into insurance or business loans, gain insights into their finances safely and free.

Founded in 2017 by Tekwane Mwendwa and Maxime Servettaz, Asilimia won US$350,000 investment from the Unicorn Group at the Africa Cup at the SA Innovation Summit to equip 10,000 small businesses with insurance and other financial services, expansion on partnerships with service providers.

 

MPost (Virtual App)

MPost - Founder360

Founded in 2015 by Abdulaziz Omar and Twahir Mohamed, MPost is a platform that enables the conversion of mobile numbers into official virtual addresses. The patented technology allows notifications to be sent to clients whenever they get mail through their postal addresses.

MPost which already has more than 40,000 users on its platform has partnered with mobile operator Safaricom and PCK as it targets Safaricom’s 33 million customers making it a startup to watch this year.

The startup raised US$1.9 million from Cape Town-based VC firm HAVAÍC among other investors to finance its expansion and further development of its proprietary platform.

 

ManPro (Construction)

ManPro - Founder360

Ongoing Construction | Image Credits: Nyali Capital Limited

ManPro is an end-to-end software as a service (SaaS) ERP solution that enables accountability, accuracy and transparency in property and infrastructure projects in the construction industry.

The startup which was founded by Linus Wahome in 2018 has secured a total of US$250,000 in funding and grants from ViKtoria Business Angels Network (VBAN), Pangea and ShelterTech Accelerator program in 2019.

The funding will be used to drive customer acquisition and augment its service offering as it further develops its award-winning platform.

 

Farmshine (AgriTech)

Farmshine - Founder360

Kenya’s AgriTech startup Farmshine smallholder farmers to aggregate and sell their harvests directly to large commodity companies through a mobile app. Combined with on-the-ground support from Farmshine’s field officers, the mobile app ensures that farmers are offered clear, fair and reliable contracts from legitimate buyers. 

Founded in by 2018 Luca Alinovi, the startup raised funding of US$250,000 from US-based impact investor Gray Matters Capital’s gender lens sector-agnostic portfolio – GMC coLABS towards the end of 2019.

The funds raised will be used to hire and train personnel, including field agents, and to further develop the platform to connect the agriculture ecosystem.

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CEO and Founder at Founder360° Magazine.

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