Kenyan startup Revivo, a B2B marketplace for consumer electronic spare parts, has announced a US$635,000 pre-seed funding round to help it scale. Through its platform, the company makes it easy for repair shops to find the products and resources they need. Revivo offers transparent pricing, access to new product sources, guaranteed quality, learning materials, and embedded financing for their customers. Anil Maguru, partner at Satgana, said he was delighted to support Revivo in “pioneering the repair economy in Africa while empowering small shop owners”. We are looking forward to working alongside our fabulous co-investors to contribute to making Revivo a category-defining and mission-driven company,” he said.

Source: The North Africa Journal July 03, 2023 20:59 UTC