Kenyan B2B construction tech startup Jumba raised $4.5 milion in SEED led by LocalGlobe

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Kenyan B2B construction tech startup Jumba raised $4.5 milion in SEED led by LocalGlobe where Enza Capital, Foundamental, Seedstars International Ventures, Logos Ventures, SpeedInvest, First Check Africa, and Alumni Angel Network also participated.

Jumba enables construction material retailers to replenish their inventories and real estate developers to obtain the supplies they require for their projects. The startup is also working to alleviate retailers’ financing woes through short-term financing backed by its bank partners, with plans to extend long-term credit to developers as well. Jumba’s goal is to make sourcing construction materials easier for retailers and developers by providing a centralised marketplace that eliminates the hassle of dealing with multiple suppliers.

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Kenyan B2B construction tech startup Jumba raised $4.5 milion in SEED led by LocalGlobe

Kenyan B2B construction tech startup Jumba raised $4.5 milion in SEED led by LocalGlobe where Enza Capital, Foundamental, Seedstars International Ventures, Logos Ventures, SpeedInvest, First Check Africa, and Alumni Angel Network also participated.

Jumba enables construction material retailers to replenish their inventories and real estate developers to obtain the supplies they require for their projects. The startup is also working to alleviate retailers’ financing woes through short-term financing backed by its bank partners, with plans to extend long-term credit to developers as well. Jumba’s goal is to make sourcing construction materials easier for retailers and developers by providing a centralised marketplace that eliminates the hassle of dealing with multiple suppliers.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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