Original story published and image provided by: Jake Bright for Tech Crunch
Business APIs in Africa are getting a boost from global venture capital thanks to a new $8.6 million round for Africa’s Talking—a Kenyan based enterprise software company.
The new financing was led by IFC Venture Capital, with participation from Orange Digital Ventures and the investor that’s upending most Silicon Valley mores, Social Capital, led by former Facebook exec Chamath Palihapitiya.
“We find companies that have local infrastructure, whether its mobile operators, banks, or data-centers, then we partner with them and build a platform that simplifies access to that local infrastructure and open it up to software developers.”
Capital from the round will be used to hire and build capacity at the company’s Nairobi headquarters; expand its presence in other geographies around Africa; and invest in research and development in IoT, analytics, payments, and cloud offerings, according to chief executive Samuel Gikandi.
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