Upon completion, Africa’s Talking plans to accelerate its internationalization to support its client’s expansion strategies
Orange Digital Ventures Africa, the Orange investment fund’s new initiative for Africa launched last June, is proud to announce its first investment, helping Africa’s Talking to raise $8.6 million alongside the IFC World Bank and Social Capital.
Based in Nairobi, Kenya, Africa’s Talking is currently the leading company providing access to telecom operators’ communication and payment APIs (programming interfaces) for developers.
It is now the favorite solution of many Kenyan startups and over 15,000 developers, many of which rely on these APIs including SMS, voice and USSD to design services that are revolutionising financial, energy, health and insurance services among others.
The transaction is subject to the usual conditions precedent, including the approval of Kenya’s competent authorities. Upon completion, Africa’s Talking plans to accelerate its internationalisation to support its clients’ expansion strategies. Beyond Kenya, the company has started working in Uganda, Rwanda, Tanzania, Malawi, Nigeria and Ethiopia.
“We are delighted that the first beneficiary of our African initiative is a recognised player providing access to operators’ …read more