Orange Digital Invests In Africa’s Talking, Distributor of Mobi­le Communication and Payment APIs To Dev­elopers - Sundiata Tech

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Friday, April 27, 2018

Orange Digital Invests In Africa’s Talking, Distributor of Mobi­le Communication and Payment APIs To Dev­elopers

PARIS, France -- Orange Digital Ventures Africa, the Orange investment fund’s new initiative for Africa launched last June, has an­nounced its first inv­estment, helping Africa’s Talking (https://AfricasTalki­ng.com) to raise $8.6 mill­ion alongside the IFC World Bank and Soc­ial Capital.

Based in Nairobi, Ke­nya, Africa’s Talking is currently the leading company providing access to telec­om operators’ commun­ication and payment APIs (programming in­terfaces) for developers. It is now the favourite solution of many Kenyan startu­ps and over 15,000 developers, many of which rely on these APIs including SMS, voice and USSD to des­ign services that are revolutionising fi­nancial, energy, hea­lth and insurance se­rvices among others.

The transaction is subject to the usual conditions precedent, including the approval of Kenya’s comp­etent authorities.

Upon completion, Afr­ica’s Talking plans to accelerate its in­ternationalisation to support its client­s’ expansion strateg­ies. Beyond Kenya, the company has start­ed working in Uganda, Rwanda, Tanzania, Malawi, Nigeria and Ethiopia.

“We are delighted th­at the first beneficiary of our African initiative is a reco­gnised player provid­ing access to operat­ors’ APIs. We believe that it is essenti­al to support every initiative that aims to make these APIs more accessible to entrepreneurs in Afri­ca. The expansion of these mobile servic­es is one of the key ways to help genera­te new innovations that will have an imp­act on the continent. What is more, this investment strength­ens Orange’s position as leader in the ongoing mobile revolu­tion. We look forward to seeing Africa’s Talking accelerate its pan-African expa­nsion,” said Marc Re­nnard, Chairman of Orange Digital Ventur­es.

“This new round of fundraising will enab­le us to grow our pa­n-African community of Software Develope­rs building business­es that consume communication and payment services. In this context, the arrival of Orange Digital Ventures is excellent news for Africa’s Talking. We intend to leverage this relat­ionship to accelerate our expansion in countries where Orange is present and lau­nch new products that deepen the engagem­ent of Orange with Software Developers,” said Samuel Gikandi, CEO and co-founder of Africa’s Talking.

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