Kenya’s Taz Technologies has raised USD1.9 Million series A round. The company is best known for developing and patenting the technology product known as MPost.
Taz Technologies had in June this year raised an undisclosed amount of Pre-Series A funding from HAVAIC the Cape Town-based VC firm.
The funding round had onboard existing and new investors from several countries like South Africa, Australia, Japan, the United States, Canada, and Nigeria, with blue-chip VC funds, high-net-worth individuals, and institutions, among the most recent investors.
Taz Technologies is famed for building MPost; the technology that enables users to transform their phones into a unique mobile postal address and mobile postal box.
Taz Technologies was founded in 2015 by Abdulaziz Omar and Twahir Mohamed.
The founders said the latest funding round will strengthen their expansion work into other East African regions and facilitate further investment in its proprietary technology platform and operations.
Omar said, “With the support of our investors, we are accelerating the development of our product functionalities and creating other value-added service offerings.” The startup also has its eyes on the rest of sub-Saharan Africa going forward.
