Digital economy blueprint

6.6 CASE STUDIES

Kenya is renowned for innovative entrepreneurs 

launching new digitally-enabled services and creating 

21st Century jobs. Successful start-ups in Kenya in-

clude:

i.  Africa’s Talking – A unified API platform for soft-

ware developers in Africa building SMS, USSD, 

Voice, Payments and Airtime applications. Found-

ed in 2010, it now has a presence in over 8 African 

countries and successfully raised US$ 8.6M from 

IFC in 2018 for its’ expansion efforts.

ii. Cellulant Corporation – Founded in 2002, Cel-

lulant offers digital payment solutions for Africans 

by Africans. Its digital payment ecosystem con-

nects 95 banks in 13 countries servicing 34 coun-

tries and 500 mobile projects. In 2018, the compa-

ny successfully raised $47.5M from TPG Growth’s 

The Rise Fund, to scale digital payments across 

Africa.