Kenyan Startup TopUp Mama Raises USD 1.7 Mn Seed Round

Kenyan startup TopUp Mama, which provides African restaurants with access to supplies, financial services, and business management tools, has closed a USD 1.7 Mn seed funding round to accelerate its growth. Ventures Platform and JAM Fund led the round, featuring Next Billion Ventures, Future Africa, Jedar Capital, HoaQ Fund, First Check Africa, and DFS Lab. 

 TopUp Mama is a one-stop-shop for restaurants in Kenya and Nigeria that provides them with all the necessary supplies, short-term credit, and tools to manage their businesses. The startup plans to use the funds to accelerate its growth, build out its technology, and scale its sales management tools for restaurants.