Kenyan logistics startup, Bwala Africa has raised US$238,000 in debt financing from the South Africa-based bank CfC Stanbic. At the same time, the startup has launched BwalaPay.
Bwala Africa is a last mile logistics marketplace which was launched in January has so far recorded over 6,000 deliveries in Nairobi.
The newly raised money will be used to roll out eight new trucks to meet the increasing demand for last mile fleet connectivity. The startup has recently worked with Copia, Naivas and Jumia.
Bwala Africa is currently working on a 12,000 sqm warehouse to consolidate the orders for various retail needs to ease delivery and last mile order fulfilment. The firm also plans to expand into Uganda, Zambia, Ghana, Zimbabwe and South Africa as well as in Asia, Bangladesh, India and Philippines.
Kennedy Nyabwala, Bwala Africa Group founder and chief executive officer (CEO), said: “We have managed to cover most parts of Nairobi and are expanding across counties in Kenya. We started with trucks but quickly realized those motorbike deliveries were in high demand due to their speed and efficiency. We, therefore, integrated them.”
