Kenya has positioned itself as one the most important startups destinations in Africa. M-Pesa has been touted as one of the most innovative inventions that sprouted of Kenya. Besides M-Pesa, Kenya has more trailblazing and exciting startups founded over the past 3 years.
Here are 5 of Kenyan Startups that are making headlines in 2017:
Twiga Foods is a mobile-based supply platform that allows vendors who operate kiosks and market stalls in Nairobi to order the supply of products at low-cost, better quality and timely than what informal markets can provide. These products include bananas, potatoes, tomatoes and onions and they process over 4000 orders weekly. Founded in 2014, they recently raised $10.3 million in Series A funding mid-2017 from Wamda Capital, Omidyar, DOB Equity, Uqalo, 1776, Blue Haven Initiative, Alpha Mundi and AHL.
Cloud9xp is an online marketplace for booking leisure experience across Africa. It was founded in 2015 by Emmanuel Miriti, Tesh Mbaabu and Mesongo Sibuti, as an online apparel and pivoted in 2016 as an online retailer and booking service for leisure experiences. They provide a platform where anyone can book online “High on Life” experience such as flying, adventure, extreme outdoor activities handpicked by their seasonal experience masters. Within a period of one year, they have been able to sell over 1500 experiences on their platform with an average experience retailing at $30 / Kshs 3,000. In a recent episode of KCB Lion’s Den, Cloud9xp raised over $74,000 from Darshan Chandaria and Wandia Gichuru which they are going to use expand their business and build an app for the same.
Moringa School is an Intensive tech education accelerator program that offers world-class coding classes with a direct education to employment model. Founded in 2014, their focus is to enable a whole generation of high potential young people to be equipped to become world class top mobile and web developers. Moringa boasts of a 95% job placement rate and with a 350% average Salary increase on Post – Moringa. To date, over 90 developers have graduated from Moringa School and working at companies like Safaricom, Barclays, BRCK and Cellulant. In October 2017, Moringa announced a women’s only boot camp program starting in November 2017. The program dubbed Moringa Prep will target over 100 women will graduate with developers with real-world skills after completing the program.
Pezesha is a peer to peer microlending marketplace that connects lenders with high quality underserved low-income borrowers. Pezesha uses credit and data analytics to provide choice, inclusion and affordable digital financial services. Founded in late 2016 and led by Hilda Moraa, it provides an alternative option to get an unsecured loan quickly and at a lower rate than the ones offered by Banks, Microfinance, and even Saccos. In October 2017, Pezesha was selected to participate in Blackbox Connect 20 accelerator programme at Silicon Valley.
Lori systems is a logistics platform that is revolutionizing the cargo transport value chain in Africa. In East Africa where the cost of moving goods is among the highest in the world at 75%, Lori enables higher efficiency in the logistics space for transporters and cargo owners by optimizing truck utilization hence saving time and money. Through its proprietary software, the company also handles invoicing, payment and tracking. Lori systems just won the best show at Startup Battlefield Africa recently held in Nairobi banking $25,000 and an all-expense paid trip for two at San Francisco to compete in TechCrunch flagship event – Disrupt SF 2018.