East African B2B retail platform Sokowatch has closed a $14 million Series A funding
Nairobi startup Sokowatch, which has been developing business-to-business (B2B) e-commerce supply chains for retailers in East Africa’s informal markets, has confirmed it has closed a $14 million Series A funding round which it hopes to use to expand. The informal retailers can order their goods from Sokowatch’s online platform by SMS, phone or mobile app and the goods are delivered to the retailers by its fleet of three-wheeled tuktuks. As well as enabling logistics and supply chains for informal retailers, Sokowatch has also been building a notable credit facility business for its customers via its mobile platform to help them expand their businesses.
