Bwala Africa Group has recently raised $235,000 in debt financing from CFC Standbic bank to assist them as they grow to meet demand their growing e-commerce business. The nature of the financing wasn't disclosed. Bwala Group is a logistics platform that gives an automated platform through internet portals and giving consumers a reliable way to hire cars, vans, or trucks. They also connect their consumers with safe mechanics and help them find spare parts.
The company has been running for 9 months now and has been able to fulfill over 6,000 deliveries within Nairobi. Bwala aspires to provide corporates as well as SME’s complete fleet management solutions and other value additions in this growing service sector including vehicle insurance and FMCG distribution.
According to the CEO and Founder Mr. Kennedy Nyabwala "We have landed 3 major partnerships with Kenya’s top retail stores to power their last mile deliveries. The partners include Copia, Naivas, and Jumia which are by far the biggest retail and e-commerce brands in Kenya."
The new financing will enable them to roll out 8 additional trucks from ISUZU East Africa in order to complement their fleet inventory. On the customer’s side, they have a payment platform Bwala Pay where customers make payment when they receive goods they had ordered from online platforms. This helps to tackle online fraud. Further value addition for customers includes the ability to connect car owners to a network of auto repair garages.
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