Kenyan Traveltech Startup Triply, Emerges as The Latest African Selection For Y Combinator
Triply, a traveltech startup based in Kenya, has been selected by Y Combinator as its latest addition from Africa.
This recognition underscores Triply’s potential and innovation within the fintech sector, positioning it to access resources and expertise from one of the world’s most prestigious startup accelerators.
Triply is the third African startup in the YC 2024 winter batch joining the likes of Cleva and Miden. With this selection, the traveltech startup has secured a significant investment of $500,000 from Y Combinator.
This investment marks a major milestone for Triply, fueling its growth and solidifying its position as a leader in Africa’s travel tech landscape.
Launched in 2021 by Peter Wachira and Collins Muthinja, Triply (Formerly Tripitaca) is the operating system for travel businesses in Africa.
The startup helps these travel businesses collect payments and automate their operations, eliminating operational chaos by unifying payments, Invoicing, payroll, accounting, operations, and more into a single platform allowing travel businesses to execute and sell more efficiently.
It also advertises these businesses on its marketplace to help match the needs of Kenya’s local travel market which is projected to be worth by $749,000 in 2027.
Triply capitalizes on the booming African travel market, valued at a staggering $300 billion.
With domestic travel accounting for a significant portion (66% of travel spending), The startup caters to the needs of local travelers, providing them with a platform to discover and book reliable travel experiences.
Y Combinator’s investment in Triply signifies their belief in the startup potential to revolutionize the African travel industry. This investment provides Triply with crucial resources, including access to Y Combinator’s mentorship network and global investor network.
