BoxCommerce reach 5,400 merchants to become the leading B2B e-commerce in Kenya
Kenya's e-commerce activity in recent years has seen huge growth, thanks to the adoption of a digital economy, increasing internet penetration, improved mobile connectivity, and a growing middle class with disposable income. E-commerce in Kenya is expected to have revenues with a positive average growth of 16.4%
Kenya's e-commerce activity in recent years has seen huge growth, thanks to the adoption of a digital economy, increasing internet penetration, improved mobile connectivity, and a growing middle class with disposable income.
E-commerce in Kenya is expected to have revenues with a positive average growth of 16.4% by 2025, according to data from Statista. Besides, it has been estimated that 24% of the Kenyan population bought at least one product from an online platform in 2021.
One of the country's leading firms in this sphere is BoxCommerce, an e-commerce platform allowing merchants in emerging markets to sell online in under 10 minutes with payments and logistics built in.
Now with about 5,400 merchants, which is 16 times larger than its main competitor Shopify, BoxCommerce is now the leading B2B e-commerce platform in Kenya.
The B2B startup claims to have handled transaction volumes of $2 million in the last six months and is in the process of raising a Series A round of funding to finance its growth. It also plans to launch an e-commerce aggregator with M-Pesa, which will give merchants and consumers a far better marketplace alternative in Kenya.
At the same time, BoxCommerce is looking forward to expanding into Indonesia, Nigeria, Ghana and South Africa, with some big partnerships across MTN, Standard Bank, Microsoft, and Meta.
