Top startups in Kenya
There are 11,136 startups in Kenya which include Wasoko, NALA, M Kopa, Twiga Foods, Kasha. Out of these, 1,275 startups are funded, with 82 having secured Series A+ funding. Solar Energy ($1.8B) and Alternative Lending ($796M) are the top-funded sectors in Kenya, with over 367 companies, including d light and M Kopa. Nairobi (810), Mombasa (19), and Kisumu (18) are the top cities by number of startups hosted. In the last five years, 261 companies raised over $3.69B in funding across 473 rounds. The number of companies founded have declined by 81.5%, from 157 companies in 2024 to 29 companies in 2025.
Here is the list of top startups in Kenya
1. Wasoko
Online retailer of everyday consumer goods providing delivery services to shops. It offers an application for shop owners to order products. Customer service agents and field sales agents are available to assist with registration. The company provides a credit facility for purchasing goods and later payment.
Key facts about Wasoko
- Founded Year: 2013
- Location: Nairobi (Kenya)
- Stage: Series B
- Total Funding till date: $152M
- Investors: Avenir Growth Capital, Tiger Global Management and 38 Others
- Latest Funding Round: Series B, Mar 16, 2022, $*****
- Tracxn Score: 71/100 What is this?
- Competitors Rank: 2 of 90 Competitors
2. NALA
Online cross-border remittance platform for individuals. It enables users to send and receive money globally using banking channels. Users must link the debit and credit cards for transferring funds. It features multilingual customer support, recurring transfers, and more. The application is available on Android and iOS platforms.
Key facts about NALA
- Founded Year: 2017
- Location: Nairobi (Kenya)
- Stage: Series A
- Total Funding till date: $50.1M
- Investors: Acrew Capital, Amplo and 20 Others
- Latest Funding Round: Series A, Jul 09, 2024, $*****
- Tracxn Score: 71/100 What is this?
- Competitors Rank: 11 of 2,821 Competitors
3. M Kopa
Key facts about M Kopa
- Founded Year: 2011
- Location: Nairobi (Kenya)
- Stage: Series D
- Total Funding till date: $241M
- Investors: British International Investment, Generation Investment Management and 36 Others
- Latest Funding Round: Conventional Debt, Jun 06, 2024, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 1 of 1,085 Competitors
4. Twiga Foods
Online marketplace platform offering farm products. The company provides a supply chain for a variety of products like vegetables, groceries, and more. It supplies farm products to small and medium-size vendors from local and urban markets, etc. The company claims to provide same-day delivery.
Key facts about Twiga Foods
- Founded Year: 2013
- Location: Nairobi (Kenya)
- Stage: Series C
- Total Funding till date: $110M
- Investors: Creadev, Goldman Sachs and 13 Others
- Latest Funding Round: Series C, Nov 28, 2023, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 3 of 9 Competitors
5. Kasha
Online retailer offering multi-category beauty and healthcare products for women. The product catalog includes handwashes, toothpaste, toothbrushes, moisturizers, sanitary pads, hand sanitizers, hair oils, shampoo, hair conditioners, and more. The company also offers baby care products. It offers offline-to-online service of providing essential care products for women on-demand. The company creates a social impact by working on empowering women in urban and rural areas.
