MarketForce

MarketForce is the #1 B2B retail distribution network in Africa πŸ‡°πŸ‡ͺ πŸ‡ΊπŸ‡¬ πŸ‡ΉπŸ‡Ώ πŸ‡·πŸ‡Ό πŸ‡³πŸ‡¬ . We power RejaReja app

General Information
Company Name
MarketForce
Founded Year
2018
Location (Offices)
Nairobi, Kenya +5
Founders / Decision Makers
Number of Employees
223
Industries
Financial Services, Fintech, Information Technology
Funding Stage
Series A
Social Media

MarketForce - Company Profile

\MarketForce is a leading B2B retail distribution network in Africa, with a strong presence in Kenya, Uganda, Tanzania, Rwanda, and Nigeria. Founded in 2018, it has garnered significant attention in the Financial Services, Fintech, and Information Technology industries. The company's platform acts as a bridge in retail distribution, facilitating the delivery of essential goods and digital financial services to retailers and consumers in Africa. MarketForce's B2B retail marketplace empowers informal merchants by allowing them to source, order, and pay for inventory digitally while providing access to financing and enabling digital payments. Additionally, merchants can resell digital financial services, such as airtime, electricity tokens, and bill payments, to earn extra income. The company recently secured a substantial $42.50M Series A investment on 19th April 2024 from a notable list of investors including GreenHouse Capital, VU Venture Partners, Y Combinator, Uncovered Fund, century oak capital, Vastly Valuable Ventures, Reflect Ventures, Remapped Ventures, V8 Capital Partners, Ten13 VC, and SOSV Select Fund. MarketForce's innovative approach and rapid growth make it a promising investment opportunity in the African market.

Taxonomy: B2B retail distribution, retail technology, fintech platform, Sub-Saharan Africa, consumer brands, digital financial services, merchants, informal economy, asset-light business model, marketplace, digital payments, financial inclusion, Africa

Funding Rounds & Investors of MarketForce (12)

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Funding Stage Amount No. Investors Investors Date
Series A $40.00M - 01 Feb 2023
Series A Unknown - 06 Oct 2022
Grant $250.00K 1 04 Oct 2022
Series A $40.00M 10 Ken Njoroge 22 Feb 2022
Debt Financing $20.00M - 22 Feb 2022

View All 12 Funding Rounds

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