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Giving Trends in Kenya: How the Growth of Mobile Payments Are Transforming Community Giving

Nonprofit Tech for Good

According to the International Center for Not-for-Profit Law , there are 6,500+ NGOs registered with the NGOs Coordination Board in Kenya. Traditionally, NGOs in Kenya have depended on outside support from grant makers and wealthy individuals. Finally, M-Changa seeks to build trust from both local and international donors.

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Social commerce platform Tushop set for Kenya growth after raising $3 million pre-seed funding

TechCrunch

Tushop , a social-commerce platform in Kenya that enables the group-buying of fast-moving consumer goods (FMCGs), is set for expansion across Nairobi after raising $3 million in pre-seed funding in a round led by 4DX Ventures. Tupshop is powering group-buying in Kenya. Image credits : Tushop. Experience in the FMCG industry.

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Kenya-based fintech 4G Capital to scale lending after raising $18.5M from Lightrock

TechCrunch

Kenya-based fintech company 4G Capital , which provides unsecured credit to micro enterprises, has raised $18.5 Barrett launched 4G Capital in 2013 after a short stint as a loans manager based in Kenya for a lending corporation, an opportunity that saw him travel across Africa and gain insights on the continent’s lending space. “I

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Kenya-based Powered by People gets $5 million seed to scale operations of its wholesale e-commerce platform

TechCrunch

A wholesale e-commerce platform based in Kenya, with hubs in the Americas, Asia and Europe, Powered by People , has secured $5 million in seed funding to increase its transaction volume by growing the number of small brands using its B2B online marketplace to reach international buyers.

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BasiGo secures $4.3 million in seed funding to accelerate mass transit EV adoption in Kenya

TechCrunch

Kenya-based EV startup BasiGo has closed $4.3 Already, BasiGo has set up a charging and servicing depot adjacent to the country’s main airport, the Jomo Kenyatta International Airport, in the capital, Nairobi. and at Fenix International, an off-grid home solar system company.

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Kenya cracks down on digital lenders over data privacy issues

TechCrunch

Digital lenders that share personal data of loan defaulters, with third parties, risk license withdrawal in Kenya after lawmakers added a clause – granting the banking regulator the mandate to revoke permits of operators who breach customer confidentiality – to the new law passed by the country’s National Assembly. .

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Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets

TechCrunch

It is the startup’s first institutional investment following seven internal angel rounds from the same set of equity–and debt investors (it raised $40 million in debt last year). This funding will allow the Kenyan-based company to expand its business into Rwanda, DRC and Tanzania.

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