Deal Street

African Startup Funding Tracker

$306,005,000+

*Data updated daily at 18:00 EAT

Kenyan E-Commerce Startup Tappi Raises USD 1.5 M Oversubscribed Pre-Seed Round
Kenyan E-Commerce Startup Tappi Raises USD 1.5 M Oversubscribed Pre-Seed Round

Tappi, a Kenyan end-to-end digital commerce SaaS solution tailored for small and medium-sized businesses, has raised USD 1.5 M in an oversubscribed pre-seed round led by Mercy Corps Ventures and Chui Ventures. With participation from Digital Currency Group, SOSV, Resilience17, growX ventures, Orbit Startups and Reflect Ventures. The investment also saw contributions from angel investors and advisors from global tech companies, including Google, Salesforce, Zendesk and the financial sector. The early-stage funding will further Tappi’s mission to empower SMEs to gain visibility and build trust in the digital commerce ecosystem as the company broadens its footprint across Africa.

Tappi helps small businesses build an online storefront in under two minutes with its full-stack social commerce solution. Offering SaaS and enterprise-grade tools to SMEs in Africa starting as low as $2/month, Tappi integrates and partners with some of Africa’s largest mobile network operators and financial institutions, extending its addressable market to over 100M SMEs. tappi embeds AI in its operations in Kenya and Nigeria, facilitating a seamless online business profile creation process through an intuitive chat experience.