Funding Details
- Awarder
- Inbox
- Date Award
- February 21, 2022
- Vertical
- Retail B2B and end-to-end distribution platform
- Funding URL
- View Funding Page
Company Info
- Founding Year
- 2018
- Traction
- MarketForce plans to double its team to 800 and grow the number of merchants using the RejaReja app by 2.5 times to 250,000. They have experienced significant growth in orders and transaction volumes, indicating a strong market demand for their services.
- Organizations Involved
- V8 Capital Partners, Ten13 VC, SOSV Select Fund, VU Venture Partners, Vastly Valuable Ventures, Uncovered Fund, Reflect Ventures, Greenhouse Capital, Century Oak Capital, Remapped Ventures, Cellulant
- Founders
- Tesh Mbaabu, Mesongo Sibuti
- Company Description
- MarketForce is a retail B2B and end-to-end distribution platform founded in Kenya. They have raised $40 million in Series A funding for their merchant inventory financing and expansion across Africa. MarketForce plans to introduce buy now, pay later (BNPL) options to help merchants access fast moving consumer goods (FMCGs) on credit. They also aim to enter additional markets in East and West Africa.
- Market
- Africa
- Location
-
Kenya
- Coinvestors
- V8 Capital Partners, Ten13 VC, SOSV Select Fund, VU Venture Partners, Vastly Valuable Ventures, Uncovered Fund, Reflect Ventures, Greenhouse Capital, Century Oak Capital, Remapped Ventures
Links