Y Combinator, the US-based startup accelerator, has invested $500,000 into Triply, an African travel startup based in Kenya.
Triply is a platform designed to support travel businesses in Africa by providing tools for payment collection, operation automation, and financial services access.
The company was founded by Peter Wachira, a two-time founder with experience in vacation rental management, and Collins, with a background in Fintech and insuretech startups.
The company offers a suite of business tools including accounting, payroll, a unified inbox, payment processing, a multi-currency wallet, analytics, and a channel management system.
According to the company, Africa’s travel market is valued at $300 billion, with a significant portion coming from domestic travelers.
66% of travel spend on the continent comes from domestic travelers.
“We’re excited to work with Y-combinator” said Founder/CEO Peter Wachira of Triply.
“This investment not only cements our position as the go to solution for businesses and travelers but it also allows us to build solutions that kenyan and African market really need.”
