Sendy Invests In Kamtar To Accelerate Pan-African Expansion Plans
Kenya’s Sendy invests in Ivory Coast-based counterpart Kamtar with the aim of accelerating Pan-African Expansion Plans
Sendy says it has completed a strategic equity investment in Ivory Coast-based counterpart Kamtar to boost the former’s expansion plans in West Africa.
Sendy offers a marketplace for last-mile package delivery and logistics services, allowing customers to send packages and documents using a mobile application that connects them to motorcycle riders, and drivers of vans and pickup trucks.
Kamtar is a digital logistics startup with 5,000 drivers on its network, which connects SMEs and corporate businesses to truckers and allows for effective delivery operations and cost savings by eliminating intermediaries.
It is also developing a range of value-added-services to help their drivers access cheaper rates on all kinds of services linked to their activity, such as gas, insurance, spare parts or financing solutions.
Mesh Alloys, Sendy’s founder and chief executive officer (CEO) said: “This strategic investment will help us achieve Sendy’s long-term goal of expanding our West African presence and supporting our current customers looking to expand or enter the West African market. We share a joint vision with Kamtar to make it easier to trade across Africa and we’re looking forward to the opportunity to collaborate with Kamtar on product development and technology solutions for customers across the region.”
Kamtar is owned by Saviu Ventures, an Africa-focused investor with a focus on early-stage startups in Francophone Africa.
Arthur Thuet, Saviu Ventures managing partner and Kamtar’s president, added: “We are excited to partner with Sendy and look forward to the synergies that will be established between Kamtar’s expertise in Francophone Africa and Sendy’s African network.”
“Our goal is to combine the best of both companies to become the number one freight and logistics provider in the Francophone region,” Thuet concluded.