MarketForce

company

About

MarketForce is the B2B SuperApp for Africa's neighbourhood merchants.

  • 251 - 500

Details

Last Funding Type
Grant
Last Funding Money Raised
$100K
Industries
Financial Services,FinTech,Information Technology
Founded date
Dec 1, 2018
Number Of Employee
251 - 500
Operating Status
Active

MarketForce is a US, Kenya and Nigeria-based technology company that is building the SuperApp for Africa's 100 million merchants. MarketForce provides an all-inclusive B2B Commerce and Fintech platform (dubbed “RejaReja” – Swahili for ‘retail’) that empowers merchants in Africa to source, order and pay for inventory digitally and conveniently, access financing, collect digital payments and make extra money by reselling digital financial services such as airtime, electricity tokens and bill payments.

Launched in 2018, MarketForce is a fast-growing YC backed company running an asset-light business model and is currently operational in 5 markets in Sub-Saharan Africa, with over 200,000 merchants and 50 consumer brands trading on the platform.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$450K
MarketForce has raised a total of $450K in funding over 2 rounds. Their latest funding was raised on Oct 6, 2021 from a Grant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Oct 6, 2021 Grant $100K 1 Google for Startups Detail
May 26, 2020 Seed $350K 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
2
MarketForce is funded by 2 investors. Google for Startups and Growing Africa Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Google for Startups Yes Grant
Growing Africa Capital Seed