The Empower Africa Business Platform is Now Live !!!
Kenyan travel technology startup Triply has secured a significant investment of $500,000 from Y Combinator, a world-renowned startup accelerator.
This investment marks a major milestone for Triply, fueling its growth and solidifying its position as a leader in Africa’s travel tech landscape.
Founded by Peter Wachira and Collins Muthinja, Triply offers a suite of tools designed to streamline operations for travel businesses in Africa.
Triply capitalizes on the booming African travel market, valued at a staggering $300 billion.
With domestic travel accounting for a significant portion (66% of travel spending), Triply caters to the needs of local travelers, providing them with a platform to discover and book reliable travel experiences.
Y Combinator’s investment signifies their belief in Triply’s potential to revolutionize the African travel industry.
This investment provides Triply with crucial resources, including access to Y Combinator’s mentorship network and global investor network.
With Y Combinator’s backing and its innovative approach, Triply is poised to become a game-changer in Africa’s travel landscape.
By empowering travel businesses and enhancing traveler experiences, Triply is paving the way for a more efficient and vibrant travel industry across the continent.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Norfund, the Norwegian Investment Fund for developing countries, has announced an additional investment of US$40 million in CrossBoundary Energy (CBE), a leading renewable energy solutions provider in Africa.
African agri-food startups can now apply for the THRIVE Global Accelerator Program, a 12-week program designed to support seed through Series A companies and prepare them for growth and scalability.
Nigerian cold-chain startup Figorr (Formerly Gricd) has raised $1.5 million in seed funding to revolutionize perishables insurance with a data-driven approach.