Al Ismaili, Bamba Group CEO: US Incubator Techstars’ First East African Investment

Mr Ismaili along with his two co-founders Faiz Hirani and Shehzab Tejani will attend a 13-week accelerator program…

“It is our employees that are most deserving of this selection. We now look forward to the next stage of our growth with a new saying around the office – something we now hear regularly from our new mentors at TechStars – ‘Do More Faster’. We hope to make Africa proud.”

– Al Ismaili,Bamba Group CEO

US accelerator TechStars believes Kenya’s Bamba Group could be the next AirBnB or Dropbox within the next five years. The experts will put Bamba through intensive training in Austin, Texas, and give them a cash investment to fast-track their growth.

“We are very happy to select the first company from East Africa into the TechStars programme. Bamba Group is a testament to our globalised world where a startup from any corner of the planet can rise up, pursue their passion and make a lasting impact on the world.”

– Amos Schwartzfarb, TechStars Austin Managing Director

Bamba Group, a Nairobi-based business founded three years ago, developed a data collection software that can run in any country. It is the only company in the world that will send a mobile airtime payment directly to your phone when you submit data in as many as 122 countries. The cloud-based system is used by major not-for-profit and for-profit companies in Kenya including Aga Khan Foundation, Nairobi Airport Services, and Diamond Trust Bank.

“Kenya recognises the economic and social benefits of innovation and entrepreneurship. I congratulate Bamba Group for this great opportunity and hope they will inspire many more start-ups to get recognised globally”.

– Joe Mucheru, Kenya’s Cabinet Secretary of Information Communications and Technology

Bamba has embedded itself as a staple in the Kenyan software scene. This is evident through its participation in the Presidential Digi-talent Programme (PDTP), a public–private partnership run by the ICT Authority in Kenya and commissioned by the President of Kenya. Other organisations involved in this programme include Google, Microsoft, SAP, Oracle, Cisco and PwC.

“Working for Bamba Group has been an amazing experience. The company’s culture is fantastic and I look forward to everyday at the office. What we are doing is very exciting and with Bamba being accepted to the TechStars 2016 programme I look forward to the opportunities ahead.”

– Peter Onkendi, Bamba Group Project Manager

Mr Ismaili along with his two co-founders Faiz Hirani and Shehzab Tejani  will attend a 13-week accelerator program, where they will get “hands-on mentorship and gain access to the Techstars Network, which includes more than 5,000 people, including founders, alumni, and global mentors,” the accelerator says. “Following the initial financial investment from Techstars, companies go on to raise an average of over $3-million in capital after the programme.”

Bamba has embedded itself as a staple in the Kenyan software scene. This is evident through its participation in the Presidential Digi-talent Programme (PDTP), a public–private partnership run by the ICT Authority in Kenya and commissioned by the President of Kenya.

Sources:

Research, Insight & Perspective by A. Maherali

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