S2 Ep. 14: Using Ed-Tech in Kenya to Solve Old and New Challenges in the COVID Era with Kiko Muuo

WHERE’S THE FUNDING?

English - July 30, 2021 17:15 - 29 minutes - 40.1 MB
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Previous Episode: Real Estate Investor Teaches People How to Buy Vacant Land With No Financing with Jantzen Young S2 Ep.13

Next Episode: One of Africa's Top Investors is Backing Founders Turning Africa’s Biggest Challenges into Global Businesses with Adenike Sheriff S2 Ep.15

Kiko founded Angaza Elimu as an inspiration on his personal education journey. Having gone through the same education system he has a clear understanding of the first-hand challenges that exist for young Kenyans and he is committed to addressing the challenges by implementing innovative ways of learning and teaching

Key interview highlights:

Ed-tech only received 4.3% of the $305 million in investor funding that went to Kenya last year mostly to fintech, e-commerce, and health-tech.

COVID and the demand for online learning platforms caused an increase in demand but also an increase in cost to service the spike in demand.

Grant funding ($129K) has supported the company to build an MVP and launch to present.

The current deficit of $700K to meet the needs of current customers.

More funding goes to expat founders in Kenya from foreign investors than to local Kenyan founders.

Guest Contact: Kiko Muuo on LinkedIn.

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