KFW DEG

KFW DEG offers financing, advice and support to private sector enterprises operating in developing and emerging-market countries. Their customers can rely on their expertise: They can benefit from their market knowledge, their 21 locations worldwide, and their international network. For entrepreneurial success and development.

Tolga Kirhan

Vice President Equity and Mezzanine

Past deals in Kenya

Co-operative Bank of Kenya

Debt Financing in 2024
The Co-operative Bank of Kenya Limited, founded in 1965, is a licensed banking institution incorporated under the Companies Act. Initially registered under the Co-operative Societies Act, the bank transitioned to its current structure in 2008 to facilitate its listing on the Nairobi Securities Exchange. The bank offers a range of financial services, including corporate banking, retail banking, investment, and asset management. Its operations are organized into three primary segments: Retail Banking, which focuses on loans and deposits for individual customers; Wholesale Banking, which serves corporate and institutional clients; and Group Functions, which encompasses support services such as ICT and finance. The majority of the bank's revenue is generated from its Retail Banking segment, reflecting its strong presence in serving individual and small business clients in Kenya.

Copia Global

Series C in 2023
Copia Global Inc. is an e-commerce company based in Nairobi, Kenya, that focuses on providing a consumer catalog order and delivery system for middle to low-income individuals in the developing world. Founded in 2013, the company leverages mobile technology and a network of local agents to facilitate access to a diverse range of quality goods at reasonable prices. Its platform enables users, including those without direct internet access, to browse products and place orders with local shopkeepers, who can then fulfill these orders and manage payments through a mobile payment system. This approach not only empowers consumers but also enhances the distribution capabilities of local businesses, making it easier for rural and peri-urban populations to access essential products conveniently.

Kiri EV

Grant in 2022
Kiri EV r mission is to challenge the status quo of the motor industry across the African continent; one segement at a time.They aim to prove that electric vehicles can and will play a big role in the future of transportation across Kenya and the continent.

Zuri Health

Grant in 2022
Zuri Health is a telemedicine company based in Nairobi, Kenya, established in 2020. It offers affordable and accessible healthcare solutions through a mobile app, website, and SMS services, catering to patients without smartphones and those in rural areas. Users can schedule lab and diagnostic tests, consult with doctors, purchase medications from pharmacies, and arrange home visits with qualified medical professionals. The platform also features an artificial intelligence-powered chatbot to enhance user experience and provide first-level medical consultations. Zuri Health aims to create a universally accessible healthcare experience for all individuals, regardless of their location or resources.

Pezesha

Grant in 2022
Pezesha is a digital financial marketplace based in Nairobi, Kenya, that connects small and medium-sized businesses (SMBs) to various financing options, including working capital, float financing, and LPO financing. Founded in 2016, Pezesha aims to enhance access to affordable credit for micro-businesses by leveraging credit and data analytics to link lenders with low-income borrowers. The platform facilitates a shared economy by converging lending and other financial services, thereby enabling underserved SMBs to participate in the formal financial system. Through its innovative approach, Pezesha seeks to empower businesses and improve their growth potential by providing essential financial resources.

Copia Global

Series C in 2022
Copia Global Inc. is an e-commerce company based in Nairobi, Kenya, that focuses on providing a consumer catalog order and delivery system for middle to low-income individuals in the developing world. Founded in 2013, the company leverages mobile technology and a network of local agents to facilitate access to a diverse range of quality goods at reasonable prices. Its platform enables users, including those without direct internet access, to browse products and place orders with local shopkeepers, who can then fulfill these orders and manage payments through a mobile payment system. This approach not only empowers consumers but also enhances the distribution capabilities of local businesses, making it easier for rural and peri-urban populations to access essential products conveniently.

Liquid Intelligent Technologies

Debt Financing in 2021
Liquid Intelligent Technologies is an independent provider of data, voice, and IP services, dedicated to advancing Africa’s digital landscape. Established in 2004 and headquartered in Ebène, Plaines Wilhems, the company has developed an extensive fiber network that spans over 18,000 kilometers across several African nations, including Uganda, Kenya, and South Africa. Liquid Intelligent Technologies offers a variety of services such as broadband, leased lines, private networks, and telecommunications connectivity, alongside web hosting and related solutions. This diverse portfolio enables both public and private sector enterprises to improve their digital experiences and supports the continent's ongoing digital transformation.

Sky.Garden

Grant in 2019
Sky.Garden is an e-commerce platform based in Nairobi, Kenya, that facilitates online sales for businesses across Africa. Founded in 2015, it primarily serves informal traders, small and medium enterprises, and established businesses, enabling them to sell products to targeted audiences. The platform provides users with a comprehensive inventory management system, allowing them to upload products, set prices, and manage stock levels. Additionally, Sky.Garden automates payment reconciliation and offers local shipping and payment options, giving retailers greater control over their operations. Accessible through a mobile application, the platform aims to simplify the selling process for African retailers.

Awamo

Seed Round in 2017
awamo offers a mobile, biometric core banking system (SaaS) to microfinance institutions in sub-Saharan Africa. It is affordable, easy-to-use, and platform independent. Using this platform 300+ institutions serving 450,000+ consumers are being connected. Going forward, they will be able to additionally sell partner products & services, generating additional revenue and fostering local economic growth. The market awamo serves accounts for more than 600m individuals in sub-Saharan Africa – only considering awamo’s core services. In awamo's target markets, there are already more than 16,000 MFIs operational with more than 210,000 staff serving 53m+ consumers. Besides, the microfinance sector grows at >10% p.a. and Africa’s population is about to more than double to 2.4bn people until 2050. Currently, Awamo serves 300+ institutions with 450,000+ consumers in Uganda and Kenya. Month-over-month more than 150,000+ transactions are being processed, moving more than 7m EUR through the platform.
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