Kenyan startup TopUp Mama, which provides African restaurants with access to supplies, financial services and business management tools, has closed a $1.7 million seed funding round to accelerate its growth.
Founded by Njavwa Mutambo, Emilie Blauwhoff and Andrew Kibe in 2021, Mom Refill is a one-stop-shop for restaurants in Kenya and Nigeria that provides them with all the necessary supplies, short-term credit and the tools they need to run their business.
Since launching its pre-seed round 10 months ago, the company has grown over 1,000%, signed over 3,000 restaurants and expanded into Nigeria. It has now closed a seed round of US$1.7 million. Led by Ventures Platform and JAM Fund, the round also includes Next Billion Ventures, Future Africa, Jedar Capital, HoaQ Fund, First Check Africa and DFS Lab.
TopUp Mama will use the funds to accelerate its growth, expand its technology and evolve its sales management tools for restaurants.
“I grew up in the restaurant industry in Zambia and know firsthand the power of small businesses to transform lives. That’s why we are passionate about increasing restaurants’ contribution to the country’s GDP. Africa,” said Njavwa Mutambo, CEO of TopUp Mama.
“We believe we have a unique opportunity to build Africa’s most important catering partner and build one of the greatest businesses Africa has ever seen.”
Ventures Platform founder Kola Aina said he was excited about TopUp Mama’s impact in restaurants – “which serve as the heart of neighborhoods in Africa”.
“Topup Mama gives restaurant owners access to affordable food and powerful data analytics to deliver the delicious meals that support and bring us together. Most importantly, they also help restaurants grow their customer base while improving efficiency” , did he declare.