Sokowatch Raises $125M in Series B Funding
Summary
It is also examining opportunities to expand its product offering to verticals such as merchant point-of-sales systems, bill payments, and social commerce through both internal innovation as well as strategic investments and acquisitions of relevant companies. Led by Daniel Yu, Global CEO and Founder, Wasoko provides free same-day delivery of essential goods and financing to informal retail stores across Africa. The company enables retailers to order products at any time via SMS or mobile app and receive delivery through its proprietary logistics network to their store. Through its systems, shop owners are able to purchase essential goods at competitive prices as well as receive Buy Now Pay Later financing to overcome their working capital constraints. With over 50,000 active retail customers its network, Wasoko is providing essential goods and services across Kenya, Tanzania, Rwanda, Uganda, Côte d’Ivoire, and Senegal.
Funding
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