Copia Global, the Kenyan e-commerce and fintech firm, has announced that it has raised a $20 million Series C extension round. The latest investment came from Enza Capital, Goodwell Investments, the International Development Finance Corporation (DFC), DEG, Elea, Perivoli Foundation, and Sorenson Foundation.
Launched in Kenya in 2013, Copia Global harnesses mobile technologies, a network of local Agents and proprietary Copia Logistics to reach a market that formal retail and Western e-commerce models cannot. Copia brings quality products at the lowest market prices delivered at no cost to thousands of customers every day. The start-up was founded by Tracey Turner and Jonathan Lewis.
Tracey Turner, the founder and chairman of Copia Global said: “We’re all heads down and focused on Kenya right now, and we won’t pick up our heads until after we hit that milestone. We’ve done a lot of reconnaissance work and planning for where we’ll go next and the international rollout plan will come after we reach profitability in Kenya.”