Ubawa Technologies, the Kenyan winner of the 2021 African Start-up Awards Startup of the Year, has received $350,000 in seed funding from Nigerian venture capital firm Platform Capital. Platform Capital’s commitment to growth markets across the continent is demonstrated by this deal, which was made possible via the South African platform Merge.
Wesley Masinde founded the fintech platform in 2021 with the goal of improving the shopping experience by combining a proprietary payment processing platform, PAYCLOUD, with a conversational AI engine that can integrate into various social media channels and aggregate their inventory into a single dashboard.This enables businesses to take payments from any payment app that is compatible.
Ubawa’s value proposition is further enhanced by an in-house team of professionals that design systems that provide cognitive data discovery services and analytics through unique infrastructure and software solutions.
Disbursement services for internal payments administration and automated reconciliation processes are among these options.
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Ubawa’s payment gateway combines SMS, USSD, web, applications, and social media to give clients a variety of alternatives to offer their consumers.
Merge, which aims to be Africa’s go-to platform for start-ups looking to attract funds from local and international investors, was instrumental in the investment round.
Platform Capital Ubawa
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer