Wowzi, a Kenyan tech startup, has acquired $3.2 million in funding to increase throughout Africa
Wowzi, a Kenyan tech startup, has raised $3.2 million in funding to increase into Ghana, Nigeria, and Southern Africa.
4DX Ventures, an Africa-focused enterprise capital agency, led the funding spherical.
Golden Palm Investments, LoftyInc Capital, Afropreneur Angels, To.org, and Future Africa have been among the many different seed spherical traders. Christina Sass, co-founder of Andela, and Jessica Chervin and Justin Ziegler, former Andela executives. Johnny Falla, Wowzi’s Chief Improvement and Progress Officer, additionally took half within the spherical.
Wowzi’s Founder and CEO Brian Mogeni revealed that the corporate needs to increase into three new markets by the top of the yr, together with Ghana, Nigeria, and South Africa.
“In African international locations, cell use has develop into an important driver of enterprise, and it’s the place younger folks already spend their time.” Youths merely want a couple of minutes of distant instruction to know the basics of disseminating model messages, so anybody with a telephone might now affect their friends by way of social media. Manufacturers now have the flexibility to have interaction straight with youth and supply significant gig labor because of Wowzi’s know-how platform, which permits them to shortly distribute and handle job provides to hundreds of kids directly. Wowzi supplies entrepreneurs with a brand new layer of promoting that may assist them goal explicit communities,” Mogeni defined.
Wowzi mentioned it needs to construct collaborations with native, regional, and multinational FMCG companies, in addition to telcos, banks, inventive businesses, and improvement establishments, so as to present work prospects for younger folks. Each week, the company pays out $44,286 to influencers, totaling $2.3 million per yr.
After efficiently delivering over 150,000 paid employment in 2021, the corporate additionally claimed that it’s going to create a million gig jobs for African youth by means of its on-line market in 2022.
Learn extra on Tech Gist Africa:
Kwara, a Kenyan startup, raises $4 million in a seed spherical
CinetPay, a fintech startup primarily based within the Ivory Coast, receives $2.4 million in a seed spherical led by Flutterwave and 4DX Ventures
uLesson, a Nigerian edtech startup, has raised $15 million in Collection B funding
The publish Wowzi, a Kenyan tech startup, has acquired $3.2 million in funding to increase throughout Africa appeared first on Techgist Africa | Africa Main Tech Information, Opinions and Ideas.