Read more about Automobile
Treepz has announced that it has secured $1.2 million in funding over the past year, which has allowed it to finance its expansion into Kenya. Among the investors are GIIG Africa Fund, MoAngels, Roselake VC, Unpopular VC, Goodwater Capital, BKR Capital, and former investors such as ShockVentures, Winston Limited run by the Lynch Brothers, Aston Investments, and Novum Actus run by Clara Ogunsemi, who has continued to invest in the company. Samar Patel has been appointed as the new Country Manager for Treepz Kenya by the company. Previously, Patel served as the Head of Transport-as-a-Service and Software-as-a-Service at Swvl, a mobility company based in Dubai.
“We are thrilled by the addition of Samar to our team and the launch of Treepz Kenya in Nairobi today,”said Onyeka Akumah, Co-Founder and CEO of Treepz.
Sign up for the Connect Nigeria daily newsletter
Treepz’s marketing manager mentioned in a statement seen by Connectnigeria.com that the company’s expansion into Kenya was made possible with the help of its current investors, despite a challenging venture funding climate in 2022. The email also revealed that the expansion was supported by Swvl, a NASDAQ-listed mobility company. In June of last year, Swvl halted its daily intra-city rides in Kenya due to worsening economic conditions but continued operating Swvl Business, which provided transportation services to corporations, organizations, and private entities. Treepz also offers a similar corporate service for organizations and corporations.
Register to attend the CN Business Mixer
According to the press release seen by Connectnigeria.com, Treepz has secured deals to transport employees and/or students of several organizations such as Twiga Foods, Abacus Schools, OAK House School, and Diamond Trust Bank. The release also stated that the company expects to close an additional 20 deals throughout Kenya in the near future. Featured Image Source: TechCabal
Got a suggestion? Contact us: firstname.lastname@example.org
You might also like:
- 5 Difficulties PropTech Startups Face, and How to Deal with Them
- FinTech: 5 Common Challenges and How to Solve Them
- 3 Ways to Read Deleted WhatsApp Messages
- Building Products and Services that Drive Financial Success
Hi, I think your site might be having browser compatibility issues. When I look at your website in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, fantastic blog!