Orange Digital Ventures Invests in Africa’s Talking, Leader in Distributing APIs for Mobile Communication and Payment to Developers
Once completed, this operation will enable Africa’s Talking to accelerate its internationalization in order to support its clients’ expansion strategy.
Orange Digital Ventures (www.DigitalVentures.Orange.com) Africa, the new Orange Investment Fund Africa initiative (www.Orange.com), launched last June, has just announced its first investment in Participating in the raising of $ 8.6 million from Africa’s Talking (https://AfricasTalking.com) alongside IFC World Bank and Social Capital.
Based in Nairobi, Kenya, Africa’s Talking is today the leader in facilitating access to telecommunication operators’ communication and payment APIs (APIs) from developers. It is now the preferred solution of many Kenyan start-ups and more than 15,000 developers, many of whom rely on these APIs such as SMS, voice, USSD to design services that revolutionize financial services in particular. , energy, health, insurance.
We believe it is necessary to support all initiatives that aim to facilitate access of these APIs to entrepreneurs in Africa
The transaction is subject to the usual conditions precedent, including the approval of the relevant Kenyan authorities.
Once completed, this operation will enable Africa’s Talking to accelerate its internationalization in order to support its clients’ expansion strategy. Beyond Kenya, the company has now started operating in Uganda, Rwanda, Tanzania, Malawi, Nigeria and Ethiopia.
“We are very pleased that the cornerstone of our African initiative is a recognized player in facilitating operator access to APIs. We believe it is necessary to support all initiatives that aim to facilitate access of these APIs to entrepreneurs in Africa. The expansion of these mobile services is one of the keys to help bring out new innovations that will have an impact on the continent. In addition, this investment reinforces Orange’s leading position in the ongoing mobile revolution. We look forward to seeing Africa’s Talking accelerate its pan-African expansion, “said Marc Rennard, president of Orange Digital Ventures.
“This new fundraising will allow us to continue to grow our community of developers based on communication and payment APIs. In this perspective, the arrival of Orange Digital Ventures is excellent news for Africa’s Talking. We intend to rely heavily on this investment to accelerate our development, especially in countries where Orange is present today and launch new products that will strengthen the links between Orange and developers “said Samuel Gikandi, CEO and co-founder of Africa’s Talking.
Distributed by APO Group for Orange.