With Limited Funding This Young Kenyan Launched an Ed-tech Startup that is Transforming Kenyan Education with Kiko Muuo S2 Ep.14

Published: July 30, 2021, 5:15 p.m.

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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:

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  • 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.
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  • 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.
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  • Grant funding ($129K) has supported the company to build an MVP and launch to present.
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  • The current deficit of $700K to meet the needs of current customers.
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  • More funding goes to ex-pat founders in Kenya from foreign investors than to local Kenyan founders.
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Guest Contact: Kiko Muuo on LinkedIn.

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