Safaricom

Safaricom is a leading telecommunications company based in Nairobi, Kenya, founded in 1997. It operates as a mobile network provider, delivering a comprehensive range of services that include voice, data, and mobile banking solutions through its renowned platform, M-Pesa. Safaricom's offerings encompass international calls, roaming, mobile broadband, and various communication solutions such as SMS, messaging, and video conferencing. The company also provides internet connectivity options, including 4G and Fiber to Buildings, alongside IT consultancy services. Serving a diverse clientele that includes individuals, small businesses, and large enterprises, Safaricom generates the majority of its revenue from voice, mobile data, and M-Pesa transactions, as well as other integrated telecommunication services.

George Njuguna

Director and CIO

Wim Vanhelleputte

CEO

11 past transactions

Circle Gas

Corporate Round in 2020
Circle Gas Limited, formerly known as Safarigas Limited, is a UK-based company established in 2018 with additional offices in Kenya, Tanzania, and China. The company specializes in the distribution of liquefied petroleum gas (LPG) cylinders, aiming to enhance energy access for clean cooking in Africa. It provides a reliable and affordable supply of LPG to low-income households through innovative smart metering and advanced distribution logistics. This approach helps displace the harmful use of charcoal and kerosene in cooking, thereby contributing to a reduction in CO2 and black carbon emissions. Circle Gas is dedicated to creating a commercially sustainable business model that aligns with the United Nations' Sustainable Development Goals, attracting investments from both corporate and individual stakeholders.

M-Pesa

Corporate Round in 2019
M-Pesa is a mobile financial services provider based in Tanzania, developed by Vodafone. It offers a fast, secure, and convenient platform for transactions, particularly targeting individuals with limited or no access to traditional banking services. The platform enables millions of users to send and receive money, top-up airtime, make bill payments, receive salaries, and access short-term loans. By leveraging mobile technology, M-Pesa provides an affordable and reliable solution for financial transactions, significantly enhancing financial inclusion in regions where banking infrastructure is lacking.

Ajua

Series A in 2018
Ajua operates as a social commerce platform designed specifically for small and medium enterprises (SMEs) to facilitate customer acquisition and business growth. The company provides an end-to-end platform that enables businesses to create a free online profile, utilize targeted advertising on social media platforms, and accept both offline and online payments securely, without requiring personal banking information. By offering real-time mobile survey capabilities and enabling direct communication between businesses and their customers, Ajua enhances customer engagement and feedback collection. With over 100,000 businesses on its network, Ajua empowers SMEs to strengthen their market presence and improve customer service, ultimately driving decision-making and increasing revenue.

iProcure

Venture Round in 2017
iProcure Ltd is a Nairobi-based company that operates a supply chain platform focused on optimizing agricultural input distribution in rural Africa, particularly in Kenya. Founded in 2012, iProcure provides a comprehensive solution that integrates business intelligence and data-driven stock management to enhance the operations of agricultural retailers. The platform enables retailers to manage inventory, point-of-sale activities, and customer profiles while leveraging geo-located purchasing patterns and real-time transaction analysis. Additionally, iProcure facilitates mobile payments, allowing retailers to better predict demand and improve overall inventory management. By offering an alternative distribution channel, the company ensures that agricultural products reach end consumers effectively, thereby streamlining distribution and enhancing customer service. iProcure also provides warehousing and storage facilities to support its logistics operations.

Lynk Jobs

Seed Round in 2017
Lynk Jobs Limited operates a digital platform that connects informal workers with customers seeking various services, including housekeeping, plumbing, electrical work, and carpentry. Founded in 2015 and headquartered in Nairobi, Kenya, Lynk allows users to describe the projects or tasks they need assistance with and queries professionals that match those descriptions. The platform provides quotes from verified professionals and manages the logistics of service delivery. In addition to connecting service providers and customers, Lynk offers training courses aimed at personal and professional development for its workers. By addressing the challenges faced by informal workers and the households and businesses that require their services, Lynk facilitates effective recruitment, smart job matching, and a customer rating system that helps workers build their skills profiles.

FarmDrive

Venture Round in 2017
FarmDrive Limited is a technology company based in Nairobi, Kenya, that specializes in alternative credit scoring for smallholder farmers across Africa. Established in 2014, the company utilizes mobile technology, machine learning, and a variety of alternative datasets to construct credit scores that enable financial institutions to identify creditworthy farmers, thereby bridging the data gap that hinders access to loans. By connecting these farmers to financial management tools and loan products through their mobile phones, FarmDrive enhances their ability to secure financing and improve their businesses. Additionally, the company provides services to financial institutions, helping them expand their agricultural portfolios, manage risks, and reduce operational costs. FarmDrive's mission is to facilitate access to essential financial services, fostering sustainable and profitable agricultural practices among underserved rural clients.

TotoHealth

Seed Round in 2016
TotoHealth is a social enterprise dedicated to improving maternal and child health in Africa through mobile technology. Recognizing the challenges posed by inadequate healthcare resources and a shortage of medical practitioners, TotoHealth offers a platform that empowers parents and caregivers to monitor their children's development using a set of electronic disability indicators. The service sends SMS reminders for important vaccinations, developmental milestones, and signs of potential health issues, facilitating early detection of abnormalities. Additionally, TotoHealth connects parents with local healthcare providers, ensuring that they have access to specialized care, treatment, and guidance. By leveraging technology, TotoHealth aims to transform maternal and child health outcomes for families across the continent.

Eneza Education

Venture Round in 2016
Eneza Education Limited, established in 2011 and based in Nairobi, Kenya, provides mobile-based educational services designed to enhance learning accessibility across the country. The company offers a virtual tutor and teacher's assistant that facilitates access to courses and assessments for students and teachers through various platforms, including USSD/SMS, online web applications, an offline desktop application, and an Android app. Eneza Education’s offerings include locally-aligned tutorials, tips, and assessments, complemented by features such as a leaderboard, Wikipedia text, and live teacher chat. The company's content, developed by Kenyan teachers, targets students from primary to secondary levels, promoting comprehensive, on-demand educational support to improve academic performance. Eneza Education operates as a subsidiary of M-Prep Inc.

Ajua

Seed Round in 2016
Ajua operates as a social commerce platform designed specifically for small and medium enterprises (SMEs) to facilitate customer acquisition and business growth. The company provides an end-to-end platform that enables businesses to create a free online profile, utilize targeted advertising on social media platforms, and accept both offline and online payments securely, without requiring personal banking information. By offering real-time mobile survey capabilities and enabling direct communication between businesses and their customers, Ajua enhances customer engagement and feedback collection. With over 100,000 businesses on its network, Ajua empowers SMEs to strengthen their market presence and improve customer service, ultimately driving decision-making and increasing revenue.

Sendy

Venture Round in 2015
Sendy Ltd. is a logistics company based in Nairobi, Kenya, founded in 2014. It operates a comprehensive logistics platform designed to simplify and optimize delivery processes for businesses. The platform facilitates door-to-door delivery for e-commerce and assists manufacturers and distributors in managing their logistics more efficiently. Sendy connects businesses with multiple transporters, allowing them to schedule, track, and pay for deliveries seamlessly. With a focus on transparency and security, Sendy empowers thousands of companies to manage their logistics through an integrated system that also provides access to reporting tools and cashless payment options.

YuMobile

Acquisition in 2014
YuMobile, operated by Essar Telecom Kenya, is a mobile cellular network provider based in Nairobi, Kenya. Launched in December 2008, YuMobile quickly established itself as a significant player in the telecommunications sector by achieving nationwide coverage within approximately ten months, marking one of the fastest network rollouts in the region. The company currently serves over 3 million subscribers and offers a range of services, including SIM cards, international dialing, SMS promotions, internet services, roaming options, and internet-based chat. YuMobile is committed to delivering clear and reliable connectivity while providing innovative products designed to enhance the convenience and ease of life for its users.
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