Y Combinator, the renowned US startup accelerator, has injected $500,000 into Triply, an emerging African travel platform headquartered in Kenya.
Founded by Peter Wachira and Collins, Triply caters to travel businesses across Africa, offering essential tools for seamless payment processing, operational streamlining, and access to financial services.
Wachira, a seasoned entrepreneur with prior ventures in vacation rental management, joins forces with Collins, bringing expertise from the realms of Fintech and insuretech startups. Triply’s comprehensive suite of business solutions spans accounting, payroll management, a centralized inbox, secure payment gateways, a versatile multi-currency wallet, robust analytics, and an efficient channel management system.
Delving into the statistics, Africa’s travel sector boasts a staggering $300 billion valuation, with a significant chunk contributed by domestic travelers, who account for 66% of the continent’s travel expenditure.
Expressing enthusiasm for the collaboration, Triply’s Founder and CEO, Peter Wachira, highlighted the transformative potential of the partnership with Y Combinator. He emphasized the investment’s dual role in solidifying Triply’s position as a premier solution for both businesses and travelers while empowering the company to tailor solutions that cater specifically to the needs of the Kenyan and broader African markets.
