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MarketForce
YC S20Nairobi, KE · Founded 2018 · 400 employees · 27 known investors
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MarketForce operates a platform connecting neighbourhood merchants across Sub-Saharan Africa with digital tools for inventory purchasing, payment collection, and access to credit and banking services. The platform also enables merchants to generate additional revenue by offering financial services like airtime, bill payments, and utility token sales to their customers.
Also known as MarketForce 360 · MarketForce360
Founders & leadership· Y Combinator alumni (S20)
MarketForce was founded in 2018 by Mesongo Sibuti and Tesh Mbaabu.
Investors · 27
How we know: the VCSheet dataset · Not right? Tell us
How we know: Future Africa's portfolio page · Y Combinator's founder network · Not right? Tell us
How we know: Stonewater Ventures's portfolio page · Not right? Tell us
How we know: V8 Capital Partners's portfolio page · ventureburn.com · Not right? Tell us
How we know: the Y Combinator directory · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: ventureburn.com · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: ventureburn.com · Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: founder360mag.com · Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
Also in the syndicate · 4
Funding
SEC filings, press & company announcements$40M disclosed across 1 of 5 rounds · 2021–2023
- $40MSeries AFeb 2022 · 4 sources
V8 Capital Partners (lead), Century Oak Capital, Greenhouse Capital, Reflect Ventures, Remapped Ventures, SOSV Select Fund, Ten13 VC, Uncovered Fund, Vastly Valuable Ventures, Vu Ventures
Source ↗ - Undisclosed amountPre-Series AJul 2021Source ↗
- Undisclosed amountSeed RoundJun 2021
ViKtoria Ventures (lead)
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
2 people who came through MarketForce went on to found or lead other companies.
Related companies · 5
Companies working in the same space as MarketForce.
Frequently asked questions
- What does MarketForce do?
- MarketForce operates a platform connecting neighbourhood merchants across Sub-Saharan Africa with digital tools for inventory purchasing, payment collection, and access to credit and banking services. The platform also enables merchants to generate additional revenue by offering financial services like airtime, bill payments, and utility token sales to their customers.
- Who founded MarketForce?
- MarketForce was founded by Mesongo Sibuti, Tesh Mbaabu in 2018.
- Who are MarketForce's investors?
- MarketForce's investors include Flucas Ventures, Future Africa, Stonewater Ventures, V8 Capital Partners, Y Combinator, Chui Ventures, EchoVC Partners, for Africas Future and 15 more.
- How much funding has MarketForce raised?
- MarketForce has disclosed $40M raised across 1 of its 5 known rounds.
- Where is MarketForce headquartered?
- MarketForce is headquartered in Nairobi, KE.