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Triply, a Kenyan traveltech startup, has recently been chosen as the latest African participant in the renowned Y Combinator startup accelerator program. This inclusion not only highlights Triply’s innovative approach in the fintech sphere but also provides the startup with vital resources and expertise from one of the most influential accelerators globally.
Joining the winter 2024 cohort of Y Combinator alongside other notable African startups such as Cleva and Miden, Triply has received a significant boost with a $500,000 investment from the accelerator. This funding is set to propel the company’s growth and further establish its presence in the burgeoning travel tech sector across Africa.
Founded in 2021 by Peter Wachira and Collins Muthinja, Triply, originally known as Tripitaca, serves as a comprehensive operational system for travel businesses in Africa. The platform streamlines critical business functions such as payments, invoicing, payroll, accounting, and operations into a unified system, enhancing the efficiency of travel businesses. Additionally, Triply features a marketplace that not only promotes these businesses but also caters to the specific needs of Kenya’s local travel market, which is expected to reach $749,000 by 2027.
Triply taps into Africa’s substantial travel market, which is valued at around $300 billion. With domestic travel making up two-thirds of travel expenditure on the continent, Triply focuses on meeting the demands of local tourists by offering a reliable platform for discovering and booking travel experiences.
Y Combinator’s backing of Triply underscores their confidence in the startup’s potential to transform the African travel landscape. The investment grants Triply access to an extensive network of mentors and global investors, positioning it to make significant strides in the travel industry.
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