Sokoni Online Limited (AfricaSokoni) Joins Newchip's Global Series A Accelerator Program.

AfricaSokoni, a B2B2C web & mobile technology platform that empowers Africa’s informal retail sector, by enabling their transition from selling within their locality to selling to the world; digitizing their supply chain; help finance their activities and help build their online presence), was accepted out of 1,000+ applicants into Newchip’s renowned global accelerator program’s latest cohort.

The online accelerator provides the mentorship, connections and tools that growth-stage teams need to drive greater scale, expand business operations, and position their company for potential exit or acquisition. Since its inception in 2019, the equity-free, fully digital accelerator has helped over 1,500 founders from more than 50 countries and 250 cities raise over $450 million in funding with an estimated portfolio of over $9B.

“When evaluating companies for our Series A Accelerator, we search for proven business models that are prepared to scale their strong revenues and traction quickly in order to gain further market share and increase their likelihood of industry disruption,” says Armando Vera Carvajal, Vice President at Newchip. “We see real potential in AfricaSokoni and are excited to integrate them into our global network of VCs, angel investors, and family offices seeking to invest in this particular space.”

AfricaSokoni is on a mission to be Africa’s leading B2BB2C technology platform for informal sector businesses. Since launching the company, We have continued our growth trajectory for the 4th year running with year-on-year growth of over 100%. We are proud winners of the Kenya eCommerce award 2021, in the “Best eCommerce Marketplace” category, a testimony of the potency of our strategy and overall business model. We have maintained a trusted and efficient delivery system, being the only African platform that offers 24 working hour delivery.

“Being part of the Newchip Accelerator, we are looking forward to taping into the accelerator’s vast network of partners on our journey to transform Africa’s retail landscape, accelerate our scaling process, increase our share of the market, expand our product offerings and execute our territorial expansion plan, says (Ebrima Fatty, Chief Executive Officer). Our aim at the end of the day is to create a continent where trade is transacted digitally, and where shopping is brought to the doorsteps of the African consumer.

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About AfricaSokoni

AfricaSokoni is a leading African B2B2C Web and Mobile technology platform that empowers the informal retail sector, by digitizing their supply chain, empowering them to transition from selling within their locality to selling to the world, finance their activities to ensure undisrupted supply chain, deliver rapidly and with trust, and help build their online presence. Since its inception in 2018, the Africa focused platform has enabled, partnered, and facilitated over 20,000 manufacturers, Distributors, Merchants etc. in their quest to transition trade transactions in Africa from physical to the virtual marketplace. To learn more, visit https://africasokoni.co.ke/.

?About Newchip

Newchip is an online, global startup accelerator led by a world-class team of entrepreneurs and investors. It was designed to provide founders with the tools needed to rapidly fund, build, and scale. Since its inception in 2019, the equity-free, remote accelerator has enabled over 1,500 startups from 50+ countries to raise over $450 million in funding with an estimated $9B portfolio. It has three distinct six-month accelerator programs based on the company stage: Pre-Seed, Seed, and Series A. Its vast network of global investors, strategic partners, and mentors guides companies from team building and prototype development to securing high-profile VC investment, corporate partnerships, and everything in-between. To learn more, visit https://launch.newchip.com/.