Browsing: Innovation in tech

Kenyan startup Taz Technologies, the company behind, MPost technology has announced plans to invest Sh200 million to expand to new markets in the region.

Co – Founder and Chief Executive Officer Twahir Mohamed revealed the company plans to seek to finalise Series A funding to help them expand in a bid to increase its presence in the region.

Mohamed said in the next one year the company plans to enter Rwanda and Tanzania and is also eyeing Democratic Republic of Congo the following year.

In 2019, the company closed a Sh190 million Series A funding but got Sh150 million.

“We tested the product, and it’s ready to be exported to other markets. That’s why we are going to the market to source for more funds in a bid to accelerate the development of our product functionalities and create other value-added service offerings,” said Mohammed.

The company’s flagship product MPost is …