Kenyan startup Weza Tele’s MyOrder product launch in Kenya has given the users of the technology an easy way to make and receive orders from their mobile phones for the delivery and pickup of products.
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Kenyan startup acquired for $1 million
The organization that purchased the startup, AFB, is an organization that provides credit to customers in Africa with a range of financial products, which include mobile loans and retail credit cards.
Weza Tele founder and CEO, Hilda Moraa
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Weza Tele grew very quickly as a leading provider of innovative mobility solutions in supply chain, commerce, and mobile payment integration, with experience in several countries across the African continent.
Founder and CEO of NaiLab, where Weza Tele was incubated, Sam Gichuru said on Facebook: “We are happy to officially announce that MyOrder was acquired for over 100,000,000. It’s not every day you know a 26 year old CEO in Kenya who builds and sells a company for that much”. (100 million Kenyan shilling is around 1 million USD – ed.)
The organization that purchased the startup, AFB, is an organization that provides credit to customers in Africa with a range of financial products, which include mobile loans and retail credit cards.
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Weza Tele said that within the next few months, they will be in the process of transitioning and integrating with the AFB Group.
The startup recently received the 2014 Frost & Sullivan Entrepreneurial Company of the Year Award, based on analysis of the Kenyan Mobility Solution market.
“Weza Tele has excelled in an untapped market by tailoring flexible solutions for the small scale supply chain sector. It offers a cost-effective solution to address the challenges faced by SME’s in the supply chain industry and provides valuable tools to drive their sales and marketing,” Frost & Sullivan said.
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