The Daily Brief: Kenya's Sendy wants to raise Series B, and more

Kenyan logistics startup Sendy is looking to raise funding again a year since it last raised $3 million. In South Africa, Knife Capital has announced the participants in its fourth cohort of the Grindstone accelerator. That and more in today's brief.

Mobile Loan Market Leading Kenyans To Financial Exclusion

According to a new survey, cases of overborrowing are on the rise which is leading to massive defaults. More than 500,000 Kenyans blacklisted by credit reference bureaus, compared to 150,000 three years ago. Kenyan Wall Street.

There is a new boda-hailing app in Kampala

Called PikiMe, the service rolled out to the market in early October, according to one of the three founders. The company has their base in Nakulabye, a suburb of Kampala and currently only has the Android app. It is joining SafeBoda, Taxify, Mondo, Uber, Dial Jack and others in the boda game. Sautitech.

Knife Capital announces participants in the fourth cohort of Grindstone Accelerator

The cohort includes an online shopping assistant, a smart security platform and an insurtech company. Although the announcement just came out, the year-long programme kicked off on 29 October. Ventureburn.

Kenyan logistics start-up Sendy plans second fundraising

The startup is embarking on the second round of fundraising to expand in East Africa according to its chief operating officer, Malaika Judd. Sendy, used by around 4,000 businesses and 50,000 individuals, was founded four years ago and has so far raised $3 million. Reuters.

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