The startup will use the funds to grow in its present market (where it has amassed over one million learners), and to expand into new markets.
“We believe in the power of the mobile phone in extending access to learners so they can realize their full potential. The additional investment will go a long way in enabling us reach more learners in countries where we already operate in, and in expanding to more countries,” said Kago Kagichiri, CEO, Eneza Education.
The countries it will be expanding into include Tanzania, Rwanda, Ghana, Zambia, South Africa, Liberia, Malawi, Nigeria, Benin and Iraq.
Launched four years ago, Eneza leverages Kenya’s expanding mobile ecosystem to provide kids reliable exam revision tools.
The funding is a continuation of the partnership between the startup and Safaricom – Eneza helped Safaricom develop the Shupavu 291 app, an affordable, SMS based exam revision and learning solution, four years ago.
The Shupavu platform offers a personalized experience by providing real-time course level progress, interactive lessons and assessments, all via the simplest of mobile phones.
Over the last four years, 90 million messages have been sent on the Supavu 291 platform, with more than 14 million questions completed by learners.
“…our partnership with Eneza has already seen us transform the lives of several children in Kenya; the funding we are unveiling today through the Spark Fund will provide them with the money they need to reach more children across the world,” said Bob Collymore, CEO, Safaricom.
The Safaricom Spark Venture Fund invests in startups by in two ways: through purchase of minority equity stake or providing convertible debt.
This allows the startups access the finances coupled with the technical advisory and business development services needed to grow their businesses.
Sendy, a fast growing provider of on-demand, door to door delivery and transportation services, was the first startup to receive funds from the Fund. mSurvey, a Kenyan mobile-first research platform, did recently.