Browsing: startups in Kenya

  • Start-ups dealing in payments and remittances will receive the highest amount of investment
  • In the first three months of 2022, Kenyan start-ups raised US$48 million in venture funding
  • Kenya is now among the Big Four countries in Africa attracting massive funding with Nigeria leading the way with KSh. 60 billion

Yearly funding for Kenyan start-ups is projected to hit US$84,997,8750 (KShs. 100 billion) in the next three years.

Speaking during the Digital and Technology Week event held in Nairobi, Go Gaga Experiential Chief Executive Officer Norah Muthoni Mumo said start-ups dealing in payments and remittances will receive the highest amount of investment.

“The payment and remittances sector addresses a huge fundamental issue of how to pay and get paid affordably. The space has big companies with great track records, and investors like spaces that have proven value and have already attracted big investors,” she said.

Read: Success behind Kenya attracting