Kenya-based Social E-Commerce Startup Elloe Secures Pre-Seed Funding

Elloe, a social e-commerce firm established in the United States with a focus on Kenya and emerging countries, has raised an unknown sum in a pre-Seed investment round.

Mad Ventures, Inc. of the Philippines led the investment round.

e-commerce
e-commerce

Elloe will use the additional capital to expand its activities in Kenya and to pursue expansion into the Philippine and Southeast Asian markets in 2023 and beyond.

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Elloe is a social commerce platform powered by artificial intelligence that enables merchants to buy and sell things online using any chat network.

The company’s technology streamlines operations, shipping, payment processing, and marketing through an unified merchant gateway, ultimately enhancing enterprises’ sales and profitability.

Elloe’s subscription model is advantageous for micro-SMEs looking to sell items and services online without paying commissions to middlemen and third parties.

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Businesses gain access to an artificial intelligence-powered technology that enables them to manage sales and establish personal relationships at scale on WhatsApp, Instagram, and Facebook Messenger via the Elloe platform.

Elloe e-commerce Elloe e-commerce

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. 
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh