Triply.co Secures $500,000 Investment From Y Combinator

Y Combinator, the world’s leading accelerator famous for supporting startups like Airbnb, Reddit & Dropbox, has invested $500,000 in Triply.co, a pioneering Kenyan travel tech startup. The new investment, is set to accelerate Triply’s growth in Kenya’s vibrant travel sector.

Triply is leading Kenya’s travel tech field, dedicated to improving travel experiences for both businesses and travelers. Its innovative tools provide solutions to various travel stakeholders, including tour operators, transport providers, accommodation providers, and experience providers, allowing businesses to streamline their operations and increase their earnings and travelers to find and book their services online.

Y Combinator’s investment in Triply.co confirms the startup’s vision and potential to change Kenya’s travel sector as it joins the ranks of Flutterwave & paystack who were also accelerated by Y Combinator. With access to Y Combinator’s resources and global network, Triply.co plans to grow in Kenya, offering solutions that make travel operations easier and enhance customer experiences.

“We’re excited to work with Y-combinator” said Founder/CEO Peter Wachira of Triply.co. “This investment not only cements our position as the go to solution for businesses and travelers but it also allows us to build solutions that kenyan and African market really need”

Africa is a $300 billion dollar travel market and one of the fastest-growing travel markets globally, with 90 per cent of travel businesses being SMBs. However, these businesses are unable to collect payments, continue to operate manually, and lack access to financial services. On top of that, booking systems are 60% less efficient due to weak payment infrastructures.

Triply assists these businesses with payment collection and operations automation and provides them with financial services using this data. They also help these businesses increase their revenue by selling their services on Triply’s marketplace, which is designed to match the needs of the local travel market.

Triply says it will use this investment to develop products, expand operations, and partner with others in the travel industry. Using technology and data, the startup aims to give Kenyan businesses and travelers the tools they need for seamless travel experiences.