Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Gadgets & Apps

Kenyan tech-startup secures Sh860m investment to expand across Africa

From SMS services that help farmers improve crop yields to voice APIs that connect women to nearby family planning clinics, Africa’s Talking’s simple APIs enable businesses to build robust and value-additive digital products

NAIROBI, Kenya, Apr 30 – A Kenyan based API startup – Africa Talking – has closed an $8.6 million (Sh860m) equity investment from the International Finance Corporation, Orange Digital Ventures and Social Capital.

The Series A investment will allow Africa Talking to expand its footprint in the continent with IFC’s Wale Ayeni joining the Board of Africa Talking.

Africa Talking provides communication-platform-as-a-service APIs to more than 20,000 software developers in Africa currently serving over 1,000 digital companies, enabling them to create applications faster and more efficiently.

Africa’s Talking’s scalable platform enables it to service both the one-man shop as well as larger enterprises – developers, startups, large companies – to embed messaging, voice, and video communications into their apps, allowing them to better connect with their mass market customers.

From SMS services that help farmers improve crop yields to voice APIs that connect women to nearby family planning clinics, Africa’s Talking’s simple APIs enable businesses to build robust and value-additive digital products.

The company is headquartered in Kenya and recently expanded to Uganda, Rwanda, Tanzania, Malawi, and Nigeria.

The tech start-up also provides cloud-based software that virtualizes telco infrastructure in several African markets

Nikunj Jinsi, IFC Global Head for Venture Capital, said IFC’s investment will help Africa’s Talking expand its integrated solution to new markets across Africa, “filling a crucial gap and helping fuel the digital economy across the continent.”

Africa Talking CEO and Co-Founder Samuel Gikandi said the investment will leverage on IFC’s experience in Africa catalyzing expansion and development of new products.

“Together, we believe that we can build the foundation and environment that developers need to build successful African businesses,” said Samuel Gikandi, CEO and Co-Founder of Africa’s Talking.

Advertisement. Scroll to continue reading.

Part of the investment will go to Africa’s Talking Studio, an incubation centre that will nurture brilliant developers build products.

The company aims to be in 20 countries by the end of 2019.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...