Kenyan fintech startup raises a $16.7m seed round in 4 years

KENYA – Kenyan fintech startup Zagace has quietly raised a US$16.7 million seed round since 2016 as it plans to expand globally. Founded in 2013 by Mubarak Muyika in Kenya, Zagace provides software packages composed of accounting, bookkeeping, payroll, sales, marketing, stock management and storage. Targeting micro-businesses with 10 employees or less, Zagace’s core product – the Zagace Web Platform has grown into an application store with distribution of products mainly through product APIs, a digital distribution platform and development platform. As of December 2019, the startup had over 1.5…

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SA business software start-up PiCortex spreads its wings to Tanzania

SOUTH AFRICA – South African start-up PiCortex, which has developed a modular Enterprise Resource Planning (ERP) software solution that enables businesses to formalise their operations, has expanded operations to Tanzania. Founded by Steven Sajja, Mohamed Majapa, George Sechu and Walter Mnyani, who also co-founded consulting firm Bora Growth Partners, PiCortex helps businesses digitise, monitor and scale their operations by providing meaningful insights to operational data in real-time, creating visibility and data-driven reporting. Having beta-launched in South Africa in November 2019, Sajja told Disrupt Africa that uptake since then had been…

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