Leapfrog Ventures has made a $50,000 investment in Kenya’s SaaS startup BiasharaBot. Founded in 2017 by Moses Kibet Korir and Felix Cheruiyot, BiasharaBot is a startup that helps “clients side business thrive by using an AI-powered bot to handle inquiries, close sales and receive payments.
According to reports from The Bridge, BiasharaBot will use the funds to work on a plug-in for various e-commerce platforms.
“Biashara plans to release and release a plug-in for e-commerce platforms such as Shopify, Woo Commerce, Magento, and others around 3 months after,” a translated version reads.
Additionally, they are looking to increase their number of clients to 1000 stores, though they did not state their current number. Beyond that, the startup hinted at an interest in expanding into South Africa as well as the Nigerian markets.
“Along with expanding services in Kenya, I am willing to expand into the population of Nigeria and South Africa, especially in the Sub-Saharan Africa market in the future,” wrote The Bridge.
BiasharaBot has before participated in the Pangea accelerator in April this year where they also secured $50,000 afterward. So, this recent investment from Leapfrog Ventures becomes their second in less than six months.
Leapfrog ventures was set up as a joint effort between Takuma and Tokyo-based startup incubator Samurai Incubate – where he previously worked. The fund is worth $4.5 Million and looking to invest in at least 80 startups across Africa. The target markets are Rwanda, Uganda, Tanzania, Kenya and South Africa.
