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10 Fastest Growing Kenyan Tech Companies in 2024
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Technology is everywhere. If you’re reading this, you’re using some form of technology. It could be your phone, an iPad, or a computer. We can all agree that technology is vital to our daily lives.
Behind these technologies are tech companies that research, manufacture, develop and deploy these tools. They are the ones who make it happen.
This article will explore some of the fastest tech startups in Kenya. Are you a tech enthusiast, entrepreneur or investor? Or perhaps you’re researching the fastest-growing business in Kenya. Then, today’s discussion is just for you.
Table of contents
What Are Tech Companies?
Tech companies research, develop, deploy, and upgrade technological solutions. They produce hardware and software for profit, social development, or both.
Wikipedia records that in PwC’s 2017 Global Innovation 1000 ranking, tech companies made up nine of the 20 most innovative companies in the world, with Amazon being the top research and development spender.
Companies in non-tech industries such as agriculture, healthcare and finance that employ technology to optimise their processes could also be considered tech companies. They are generally referred to as tech-enabled companies.
Also read: 17+ Innovative Music Tech Companies & Startups in Nigeria You Should Know
Features of Tech Companies
Tech companies are often characterised by key features, some of which are listed below:
- Tech companies leverage technology to shape how people invest, communicate, shop, get healthcare, etc.
- Innovation is essential in the tech world. To meet demand, top tech companies must constantly improve, so their products and services are usually constantly upgraded.
- Top tech companies usually offer different subscription packages to ensure that almost all their users can afford their products and services.
- Top tech companies usually employ AI to personalise their users’ experience.
Also read: Does AI Help or Hurt the Tech Sector
Comprehensive List of Fastest Growing Tech Companies in Kenya
Technology is taking the world by storm. Smart entrepreneurs leverage technology to provide lasting solutions to their customers’ needs.
Entrepreneurship in Kenya is no different—companies and startups are designing innovative ways to incorporate technology into their offerings.
With proper projection and innovative solutions, these startups in Kenya see tremendous patronage and growth within a short period. Thus, it is no surprise when a tech company is listed as one of the fastest-growing businesses in Kenya.
Also read: Top 15 Insurtech Companies Making Waves in Africa
This section will cover the fastest-growing tech companies in Kenya. Note that these companies have been rated according to our analysis and listed in no particular order:
| No | Top Tech Companies in Kenya | Year Founded |
| 1 | Ohospital Cloud Limited | 2021 |
| 2 | Cellulant | 2002 |
| 3 | Smile ID | 2016 |
| 4 | Zipline | 2014 |
| 5 | MarketForce | 2018 |
| 6 | Bolt | 2013 |
| 7 | Lami Technologies | 2019 |
| 8 | Duhqa | 2021 |
| 9 | Neural Labs Africa | 2021 |
| 10 | Workpay | 2017 |
A Close Glance at top 10 Fastest Growing Kenyan Tech Companies in 2024
The previous section listed the top 10 fastest-growing Kenyan tech companies. But what makes each of these businesses worthy of being listed as the fastest-growing business in Kenya?
In this section, we will learn more about these tech companies in Kenya—what they offer, how they build their business, and so on.
Also read: Top 21 Fast Growing Mental Health Tech Companies & Startups in Africa
Top Tech Companies in Kenya #1—Ohospital Cloud Limited
Smart healthcare solutions are more important in our world now than it ever were. This is because various illnesses ravage different parts of the world—from Mpox to tuberculosis, cancer, COVID-19, etc.
The worst part is that people in remote areas who suffer from these health issues also suffer from a lack of access to medical facilities. Sometimes, they have to live with their illnesses because hospitals are out of reach in terms of money or distance.
Ohospital Cloud Limited was built to solve some of these health crises in Kenya. It is a digital telehealth platform that increases access to healthcare through online consultations, patient monitoring, and prescriptions.
Ohospital is one of the most innovative tech startups in Kenya. In 2021, investors poured $105,000 into the initiative to boost the reach and services of Ohospital.
Top Tech Companies in Kenya #2—Cellulant
There are payment gateways in Africa, but some stand out. Cellulant is one such, providing over 150 payment methods across over 30 African countries, including Kenya. One of their products is Tingg, a digital payment gateway that facilitates online and offline payments in different currencies.
Established in 2003, Cellulant is one of the top-growing tech companies in Kenya. Cellulant has seen tremendous growth in its business since its launch in 2002. Here are some of its milestones:
- Recognised by KPMG as the inaugural top medium-sized company in Kenya, out of 100 contesting medium-sized businesses.
- Named by Fintech 100 as the Best Payments and Transfer Fintech in Africa.
- Named by the London Stock Exchange as a Company to Inspire Africa.
- Cellulant has teams in 18 African countries and is used in 35 countries.
- Reached 8 million customers within 4 years post-launch.
- Over 200 million people use and trust their products.
- Raised $54.5 million in funding.
Cellulant is one of the fastest growing tech company in Kenya due to it quick scale-up, its innovative products and easy-to-use payment systems.
Also read: Exclusive: A Closer Look into the Top 10 Biggest Fintech Companies in Africa 2024
Top Tech Companies in Kenya #3—Smile ID
Smile ID is a leading digital KYC provider in Africa. It employs proprietary machine learning algorithms to ensure that all customers, regardless of skin tones, device types, and low bandwidth, can access and complete the KYC process.
They empower the fastest-growing businesses in Kenya and across Africa to carry out the mandatory KYC process for customers, with a record of over 100 million KYC checks. Some Smile ID clients are Fairmoney, Uber, Bolt, Zenith Bank, Flutterwave, and Binance.
Top Tech Companies in Kenya #4—Zipline
The goal of Zipline is to serve all humans equally in terms of logistics. Their logistics are employed by startups, large companies, consumers, and even the government. Zipline was responsible for quickly distributing 8 million COVID-19 vaccines across communities in Ghana.
Zipline’s delivery system is so fast that it completes one delivery every ninety seconds. It does this using autonomous, electric drones. This system favours the environment by reducing fossil fuel consumption, air pollution, and road traffic.
Zipline operates in North America, Africa, and Asia. The African countries it operates in include Kenya, Rwanda, Ghana, Nigeria, and Côte D’Ivoire. It is trusted by 500,000+ customers and has delivered about 5 million products.
Top Tech Companies in Kenya #5—MarketForce
MarketForce 360 is one of the tech startups Kenya offering B2B services. It is a digital marketplace that conveniently lets retailers purchase products from suppliers.
The platform also equips field sales agents with technical tools to aid deliveries and payments. Investors like Ten13 VC and SOSV have invested over 100 million USD in Series A funding in MarketForce 360.
Top Tech Companies in Kenya #6—Bolt
Bolt is changing how we transport ourselves and products with its innovative logistics services and over 100 million happy customers.
Kenyans use Bolt for its convenience in hailing rides and its affordable pricing and efficient delivery services.
Whether it’s getting from point A to B quickly or having packages delivered swiftly, Bolt has become a go-to solution for many in Kenya’s bustling cities.
Also read: Top 21 Fast Growing Edtech Startups & Companies in Africa
Top Tech Companies in Kenya #7—Lami Technologies
Many people in Kenya do not have insurance due to complex processes and other factors. Lami was designed to solve this issue.
Lami partners with leading insurance agencies to provide easily accessible and affordable insurance products, such as health insurance, travel insurance, and car insurance.
With over $5 million secured in seed funding and a widespread reach across Kenya, Lami is one of the fastest-growing businesses in the country.
Top Tech Companies in Kenya #8—Duhqa
Duhqa is another one of the tech startups in Kenya offering B2B services.
Informal merchants, fondly called “Dukas,” are the primary benefactors of this initiative. Duhqa connects them with digital tools for inventory, logistics and funding.
It (Duhqa) currently works with about 5000 small-scale traders across Kenya, and has secured almost $3 million in seed funding from investors like Roselake Ventures and Mo Angels.
Duhqa may not be one of the biggest tech companies in Kenya, but it is growing rapidly. It plans to expand to East Africa, providing innovative solutions to logistics issues.
Top Tech Companies in Kenya #9—Neural Labs Africa
Neural Labs Africa is one of the tech companies in Kenya that focuses on smart healthcare solutions.
They employ artificial intelligence for fast medical imaging, processing up to a thousand X-rays per minute.
As one of the intelligent tech startups Kenya, Neural Labs Africa is supported by large scale organisations like Villgro Africa’s AI4H.
Also read: Top 21 Fast Growing Martech Startups & Companies in Africa
Top Tech Companies in Kenya #10—Workpay
Workpay is one of the fastest growing business in Kenya. They act as companies’ HR, managing staff compensation plans and other staff benefits.
Workpay leverages technology and cloud-based solutions to simplify and streamline the payroll system of their clients across Africa.
Workpay currently operates in 20 countries, including Kenya. Their growth is rapid, and they just may be one of the top tech startups across Africa.
Advantages of Tech Companies
Technology is highly relevant in today’s world. We can be sure of smart solutions to several pressing issues, thanks to tech companies. Below are some advantages of tech companies:
- Tech companies provide solutions that simplify complex processes. For instance, Fintech solutions bring banking services closer to us. Now we can access all banking services with a few clicks on our phones. We no longer need to go to banks or endure long queues just to access a financial service.
- Solutions developed by tech companies ease and speed up certain tasks. An average delivery time, for instance, would take about 35 minutes. But with delivery solutions like Zipline, you can get a package in seconds or less than 10 minutes.
- Tech companies like Bolt bring services closer to us
- Tech companies leverage technology to provide lasting solutions to some of the world’s most pressing problems, such as healthcare.
- Top tech companies constantly research, upgrade, and analyse, assuring users that they will keep doing their best until the solutions are perfect.
Frequently Asked Questions
Which Technology Industry in Kenya is Booming?
According to KenInvest, Kenya provides lucrative opportunities for investors and entrepreneurs in fintech, e-commerce platforms, digital payment solutions, and cybersecurity.
What is the Fastest Growing Company in Kenya?
The fastest growing business in Kenya goes beyond one. Kenya is a land of opportunities, and entrepreneurs are leveraging such opportunities to provide global solutions and make a profit. Some of the fastest-growing businesses in Kenya include Wasoko, FloCash, Lami Technologies, Zipline, Ohospital Cloud Limited, Duhqa, Zuri Health, Ilara Health, Solar Panda, Watu Credit, etc.
What are the Most Successful Tech Startups in Kenya?
Some of the most successful tech startups in Twiga Foods, Copia Global Inc., Gro Intelligence, M-Kopa, Cellulant, Lori Systems, BasiGo, Ohospital Cloud Limited, Zipline, Glovo, etc.
Conclusion: Tech and Lifestyle
Technology is an integral part of the 21st century. The existence of these technology companies keeps our technological systems updated and easily accessible.
These top tech startups in Kenya are using smart technologies to shape lives, make an impact, solve problems, and contribute to economic growth.
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References
- www.wikipedia.org – Technology Company
- www.techopedia.com – How Do You Define a Technology Company
- www.money.ke – 9 Fast Growing Businesses in Kenya 2024
- www.startupstash.com – Top Kenyan Startups To Watch in 2024
- www.fintechnews.africa – Top 10 Fintech Startups in Kenya in 2024
