Tappi secures investment from Renew Capital Angels for expansion

Fresh from announcing a pre-seed raise of $1.5 million in December 2023, Tappi has secured an undisclosed investment from Renew Capital Angels.

Tappi is a full-stack SaaS business built for small businesses in Africa to help them find customers online. It helps SMBs get discovered, find customers, and build their reputation using messaging, payments, and AI.

Renew Capital is an Africa-focused impact investment firm that backs innovative companies with high-growth potential. Renew Capital manages investments made on behalf of the Renew Capital Angels, a global network of angel investors, foundations and family offices who seek financial returns and sustainable social impact. Tappi’s user-friendly chat tool, integrated with AI, simplifies the process of establishing webpages, guaranteeing enhanced online visibility for businesses. Additionally, the company’s solution improves customer communication through WhatsApp, leading to reduced operational expenses and streamlined processes for direct transactions and feedback collection.

According to co-founder of Tappi Kenfield Griffith while talking about the platform’s impact, “Tappi is a catalyst for SMEs entering the digital world and with the investment, we are set to amplify this transformation across Africa’s diverse markets. We are enthusiastic about leveraging this investment to deepen our connections with SMEs on the continent.”

According to Renew Capital’s Investment Manager for Kenya, Esther Mwikali, “Tappi’s operations in high-growth markets with increasing demand for digital marketing solutions and online presence solutions for small and growing businesses in Africa is remarkable. Their passion, grit and impact are among some of the things we look for at Renew Capital.”

“The founders’ deep industry knowledge, extensive networks and a strong understanding of the African market, having successfully built and scaled businesses in the region before, is what we believe drives real change. We are delighted to partner with Tappi to transform how SMEs engage customers and manage their online footprint,” she added.