Triply, a Kenyan travel technology startup, has secured a significant investment of $500,000 from Y Combinator, a globally renowned startup accelerator. This investment marks a major milestone for Triply, not only fueling its growth but also solidifying its position as a leader in Africa’s travel tech landscape.
Founded by Peter Wachira and Collins Muthinja, Triply aims to revolutionise the travel industry in Africa. The company offers a comprehensive suite of tools designed to streamline operations for travel businesses, including:
- Payment collection: Triply tackles the challenge of collecting payments faced by many African travel businesses, providing a secure and efficient platform.
- Operation automation: From invoicing and payroll to accounting and analytics, Triply automates tedious tasks, allowing businesses to focus on delivering exceptional travel experiences.
- Financial services access: Triply leverages data to connect travel businesses with financial services they may not have readily available.
- Marketplace access: Triply boasts a dedicated marketplace, connecting local travelers with a curated selection of travel products and services offered by its partner businesses.
A Booming Travel Market: Triply Fills the Gap
Africa’s travel market presents a remarkable growth opportunity, valued at a staggering $300 billion. Notably, domestic travel accounts for a significant portion of this market, with 66% of travel spending originating from within the continent. Triply understands the unique needs of these domestic travelers and provides them with a platform to discover and book reliable travel experiences.
Y Combinator’s decision to invest in Triply signifies its belief in the company’s potential to disrupt the African travel industry. This investment provides Triply with crucial resources, including access to Y Combinator’s mentorship network and global network of investors.
With Y Combinator’s backing and its innovative approach, Triply is poised to become a game-changer in Africa’s travel ecosystem. By empowering travel businesses and enhancing traveler experiences, Triply is paving the way for a more efficient and vibrant travel industry across the continent.
