">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Tuesday, January 26, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Startups

Kenya’s ShopSoko.com Formerly SasaAfrica Raises $700,000 From Dubai-based Rio Partners & Independent Angels

Milcah Lukhanyu by Milcah Lukhanyu
8 years ago
in Startups
5 min read
0

FirstMobileMarket2Kenya’s Soko, an online go to marketplace for African art empowering women artisans by helping them tap into the global market using internet (formerly SasaAfrica) has raised US$ 700,000 from a Dubai-based investment firm, Rio Partners with participation from independent angels.

Soko is a DEMO Africa 2012 and a VC4Africa and GrowthHub alumni and was founded by Ella Peinovich, Gwendolyn Floyd and Catherine Mahugu based both in Nairobi and Cambridge city in  Massachusetts, United States.

Africa’s entrepreneur network, VC4Africa first broke this news of Soko’s funding round . Soko told VC4Africa the early stage round of financing was from Dubai-based investment firm Rio Partners and other angel investors and attributed to their participation in DEMO Africa as a turning point.

TechnologyThey said: “We are pleased to announce the financing partnership with Rio Partners, who discovered Soko through our participation in DEMO Africa 2012. They bring exceptional experience in growing digital businesses in Africa as well as mobile money systems development and implementation, international marketing, and online sales. We have now closed our Series Seed Round of financing and launched our public website!”

With the money, and a robust and exciting mobile to web e-commerce platform, Soko told VC4Africa it will be shifting its focus on connecting its two markets, mobile able craft artisans and online consumers, through an optimized e-commerce experience, high impact marketing, community management, and consumer and trend feedback for artisans.

Soko also aim to break even in 2014 and hope to begin Series A fundraising toward 2013 end and up its high impact marketing campaign and expand geographically to reach more artisans.

READ  Sun Exchange Announces African Expansion with 1.9MW Solar-Plus-Storage Project in Zimbabwe

FashionABetterWorld2Soko is also focused on  helping women in sub Saharan Africa to access economic opportunities to better their lives  by giving them tools necessary start, grow, and formalize their SME’s in a move to end the poverty, grow their businesses and join the formal economy.

Related posts

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021
0

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
0

Free money transfer service Taptap Send launches its services to Kenya

January 22, 2021
0

54gene launches a genome sequencing lab to track infectious and non-communicable diseases prevalent in Nigeria

January 22, 2021
0
“Soko connects artisans to a global market via a simple mobile phone. The vendors use Soko’s proprietary mobile technology to create and manage personal online storefronts. After a client buys an item, Soko process the credit card payments and sends it to the vendors via mobile money, making the need for bank accounts unimportant.”
Readers 1,692

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Startups

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021
0
Startups

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
0
Startups

Free money transfer service Taptap Send launches its services to Kenya

January 22, 2021
0
Health

54gene launches a genome sequencing lab to track infectious and non-communicable diseases prevalent in Nigeria

January 22, 2021
0
Startups

Uganda’s Innovex raises funding from Gaia Impact Fund to enable remote monitoring for solar companies

January 22, 2021
0
Startups

Aerobotics Raises $17 Million Led by Naspers To Scale AI for Agriculture Globally

January 21, 2021
0
Startups

Tanzanian money remittance startup NALA is launching in the UK

January 21, 2021
0
Startups

Startup Guide to release of Startup Guide Nairobi

January 21, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

AGPO Certificate – How to obtain an AGPO Certificate?

January 25, 2021

How to Register a Marriage Online.

January 25, 2021

How to Restore your Lost Contacts on your Android Phone.

January 25, 2021

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: