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Press Release: Scale Secures Investment to Digitize Procurement in Africa

By Antony Maina | Fri Dec 22 2023
Scale's platform modernizes procurement, empowering African businesses with efficiency and transparency
NAIROBI, Kenya (December 22, 2023) — Procurement in Africa has traditionally been hindered by inefficiency, high costs and opaque operations. Scale, based in Kenya, is transforming this critical business function by streamlining procurement, automating workflows and cutting operational expenses.
For suppliers, Scale opens a growth-oriented marketplace, offering tools that demystify bid management. For buyers, the platform delivers a suite of features that enhance internal procedure management and unlock new efficiencies.
"Scale is reshaping procurement in Africa,” said Marvin Tumbo, Co-founder & CEO of Scale, emphasizing the platform's breadth. “We're moving beyond simply streamlining tasks to granting buyers and suppliers clear, controlled and strategic procurement processes."
Scale seeks to utilize Renew Capital's support to expand its platform's capabilities, further enabling efficient and transparent procurement processes across Africa.
"We're thrilled to back Scale's pursuit of procurement excellence,” says Esther Mwikali, Investment & Project Manager at Renew Capital. “Their platform addresses critical needs for buyers and businesses, charting a new course for African commerce."
*Ecosystem activation, pipeline development and capacity-building support provided to Renew Capital portfolio companies is generously supported by Global Affairs Canada.
Renew Capital is an Africa-focused impact investment firm that backs innovative companies with high-growth potential. Renew Capital manages investments made on behalf of the Renew Capital Angels, a global network of angel investors, foundations and family offices who seek financial returns and sustainable social impact. For the latest on investing in Africa, subscribe and follow us at our social links below.

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