Kenyan E-commerce Company Copia Raises USD 20 M Series C Extension Round

Kenyan e-commerce and fintech platform for mass market consumers Copia Global has appointed John Lazar, the ex-CEO of Metaswitch, a Microsoft subsidiary, to its board off the back of USD 20 M in new funding. Enza Capital was among the large participants in the Series C extension round, which also includes global private bank LGT, investment firm Goodwell Investments, the U.S. International Development Finance Corporation (DFC), German financial service provider DEG, Swiss impact fund Elea, Perivoli Foundation and Sorenson Foundation.

Copia Global is a B2C e-commerce platform serving Africa’s middle- and low-income African consumers. The e-commerce company focuses on customers in rural areas that struggle to access the same goods and services in terms of choice, price value, and reliability that similar consumers in urban areas or of higher income levels can access.