| Date | Title | Description |
| 19.04.2024 | MarketForce winds down its B2B e-commerce arm | Kenyan B2B e-commerce company MarketForce is winding down its B2B e-commerce business that served informal merchants (mom-and-pop stores) after a turbulent two-year period that saw it scale down operations severely.
The shutdown of the B2B ... |
| 19.12.2023 | Marketforce CEO says Pezesha’s liquidation suit is premature | Tesh Mbaabu, CEO of Marketforce, a Kenyan business-to-business e-commerce that raised $40m in series A funding in 2022, has questioned the approach that Pezesha, a Kenyan startup that offers business loans-as-a-service is taking to resolve ... |
| 28.10.2023 | MarketForce exits three markets, set to launch a social commerce spinout | Kenyan B2B e-commerce company MarketForce has shut down operations in three of its five markets in Africa and is in the early stages of launching a social commerce spinout.
TechCrunch has learned that MarketForce’s super-app dubbed RejaReja... |
| 14.09.2023 | NEW REPORT: African agrifoodtech startups face headwinds as VC funding drops sharply from record-breaking 2022 | Disclosure: AgFunder is the parent company of AgFunderNews.
There’s no denying 2023 has been a gloomy year so far for agrifoodtech financing in Africa — as is the case in most other markets around the world.
Africa’s food and agriculture te... |
| 17.08.2023 | How potent is crowdfunding for African startups? | One year after closing its $40 million Series A, MarketForce needs more cash, but this time from the public. The Kenyan e-commerce giant announced that it is raising $1 million via WeFunder, an online crowdfunding service.
“We are excited t... |
| 31.05.2023 | MarketForce tightens its belt as tough times hit B2B commerce | MarketForce, a Kenyan B2B e-commerce platform to help independent corner shops source goods, once had an ambitious plan to grow the number of users on its platform to a million by the end of 2022, with a network effect bringing millions mor... |
| 18.10.2022 | 50 African tech founders launch Pando DAO to drive development across Africa | In recent times, the African tech ecosystem has been on a steady upward trajectory. This year, venture funding on the continent is projected to cross the 7 billion mark with almost a thousand deals, establishing the continent as an outlier ... |
| 24.08.2022 | African tech companies are raising funds, but laying off workers | After what many would call a headline year, 2022 has not been a great year for global tech. Earlier in the year, much of the talk in the tech sector focused on falling valuations, dropping stock prices and slower funding rounds. Now, the la... |
| 11.08.2022 | Kenyan B2B e-commerce platform Marketforce cut about 9% of staff in reorganization strategy | Kenyan retail B2B and end-to-end distribution platform Marketforce laid off a chunk of its workforce in July, according to sources familiar with the matter.
In an email sent from Marketforce CEO Tesh Mbaabu and obtained by TechCrunch, the l... |
| 20.04.2022 | MarketForce raises $40 million Series A, introduces BNPL merchant stock financing | MarketForce, the retail B2B and end-to-end distribution platform founded in Kenya, has raised $40 million in Series A funding for its merchant inventory financing and expansion across Africa. |
| 23.02.2022 | Kenyan start-up MarketForce lands $40m Series A funding | Kenyan B2B retail distribution platform MarketForce has raised $40 million in a Series A round.
MarketForce CEO Tesh Mbaabu
The oversubscribed round was led by Africa-focused investment vehicle V8 Capital Partners and saw participation from... |
| 22.02.2022 | MarketForce Closes its Series A after Raising $40 Million | MarketForce, the Nairobi-headquartered B2B platform for retail distribution of consumer goods and digital financial services in Africa, announces the closing of a $40 million Series A round, the largest Series A round of it’s kind in East a... |
| 22.02.2022 | MarketForce raises $40 million in Series A funding to expand its super app for Africa’s informal merchants | MarketForce, a Nairobi-based B2B platform for consumer goods retail distribution and digital financial services in Africa, has announced the completion of a $40 million Series A funding round, the largest of its kind in East and Central Afr... |
| 21.02.2022 | MarketForce raises $40 million Series A, introduces BNPL merchant stock financing | MarketForce, the retail B2B and end-to-end distribution platform founded in Kenya, has raised $40 million in Series A funding for its merchant inventory financing and expansion across Africa.
MarketForce, which was launched in Uganda, Tanza... |
| 05.12.2021 | MarketForce partners with Cellulant to expand in five new markets across Africa as it races to cover continent | MarketForce, a Kenyan B2B retail and financial services distribution startup, has expanded into five additional markets across Africa to grow RejaReja — its retailer “super app” that makes it possible for informal merchants to order and pay... |
| 25.10.2021 | Kenya’s MarketForce raises $2M | A 2016 study by global consultancy PwC states that an estimated 90% of sales in Africa’s major economies come through informal channels like markets and kiosks. In sub-Saharan Africa, 90% of these household retail transactions are carried o... |
| 11.07.2021 | MarketForce, a Kenyan B2B retail platform, has raised $2 million in pre-Series A funding to help it scale its B2B e-commerce marketplace | MarketForce, a Nairobi-based B2B end-to-end platform that assists customer brands in delivering essential goods and services, has raised $2 million in a pre-Series A funding round.
Y-Combinator and P1 Ventures were among the investors in th... |
| 08.07.2021 | Kenyan B2B retail platform, MarketForce, raises $2m pre-Series A to scale its B2B e-commerce marketplace for merchants | Share this article:
After its seed round of $350,000 and $150,000 cheque from Y Combinator as part of the accelerator’s Summer 2020 batch, Kenya’s MarketForce has raised $2m to focus on its business-to-business (B2B) retail marketplace, bri... |
| 08.07.2021 | Kenya’s MarketForce raises $2M, plans to focus on its B2B retail marketplace RejaReja | A 2016 study by global consultancy PwC states that an estimated 90% of sales in Africa’s major economies come through informal channels like markets and kiosks. In sub-Saharan Africa, 90% of these household retail transactions are carried o... |
| 03.02.2021 | Why Nigerian fintech Mono is taking $125k from Y Combinator after a $500k pre-seed round | American startup accelerator Y Combinator (YC) will have 36 startups participating in its winter 2021 programme. One of the African startups in the group is Mono, a Nigerian fintech building APIs for open banking and simplified financial ac... |
| 27.08.2020 | Here are the 197 tech startups from Y Combinator’s Summer 2020 Batch | We wrote about Y Combinator (YC) back in June after the startup incubator relaunched its Startup School as a Continuous Program. Y Combinator is a startup incubator that provides funding for early-stage startups. Since its inception in 2005... |
| 26.08.2020 | Here are the African startups from Y Combinator’s Summer 2020 Demo Day | Share this article:
Divided into winter and summer batches, US seed accelerator, Y Combinator (YC) invests $150,000 yearly in selected startups in exchange for 7% equity.
However, starting from next year, the ticket size will reduce to $125... |
| 13.08.2020 | MarketForce selected for Y Combinator Summer batch, raises USD 150K | Kenyan retail technology based start-up, MarketForce has been selected for the Y Combinator Summer 2020 batch, raising USD 150K in a funding round on 26th May, 2020. MarketForce is the only Sub-Saharan African company to get selected for th... |
| 09.06.2020 | MEST announces the names of the 2020 Africa Challenge country finalists | The Meltwater Entrepreneurial School of Technology (MEST) has announced the names of its country finalists for its 2020 MEST Africa Challenge.
MEST made the announcement yesterday in a blog post. The finalists include 83 tech startups from... |
| 09.06.2020 | MEST announces the names of the 2020 Africa Challenge country finalists | The Meltwater Entrepreneurial School of Technology (MEST) has announced the names of its country finalists for its 2020 MEST Africa Challenge.
MEST made the announcement yesterday in a blog post. The finalists include 83 tech startups from ... |
| 26.05.2020 | Kenya’s Mesozi Group nets $350k for its MarketForce 360 retail platform | Kenyan tech company the Mesozi Group has landed a $350 000 investment to fund the expansion of its retail tech platform MarketForce 360.
The investment came from Viktoria Business Angels Network (VBAN), Growing Africa Capital and a number ... |
| 26.05.2020 | Kenya’s Mesozi Group nets $350k for its MarketForce 360 retail platform | Kenyan tech company the Mesozi Group has landed a $350 000 investment to fund the expansion of its retail tech platform MarketForce 360.
The investment came from Viktoria Business Angels Network (VBAN), Growing Africa Capital and a number o... |
| 20.01.2020 | Startups announced to Pitch Live at Africa Startup Summit in Kigali | Share this:
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