Category: MENA

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FloQast Celebrates 2021 as Landmark Year for Company Growth

Fueled by a Successful Series D Funding Round and Hiring Campaign, FloQast Continues Building Momentum Throughout Q4 with Massive YoY Growth Rate

LOS ANGELES, Feb. 03, 2022 (GLOBE NEWSWIRE) — FloQast, a provider of accounting workflow automation software created by accountants for accountants, today announced its Q4 and 2021 metrics, concluding a milestone year highlighted by international expansion, new product and company initiatives, industry accolades, and the biggest growth the company has seen since its launch. The company reported 97% year-over-year growth in annual recurring revenue (ARR) for the quarter, as well as 153% year-over-year growth in net new ARR for 2021. Further, with more than 1,500 customers globally, FloQast added 171 new customers in Q4. These milestones stem from the recent $110 million Series D funding, led by Meritech Capital, and further the company’s leadership role in workflow automation technology.

“This past year, FloQast experienced exceptional growth across the board – including funding, product and platform launches, customer acquisition and more – making this one of the most important and successful years for the company since we were founded,” says Mike Whitmire, inactive CPA, co-founder and CEO at FloQast. “This growth is a testament to the critical advances taking root across the accounting industry and highlights FloQast’s ability to deliver next-generation technology to usher in a new era of modernization and change.”

Over the course of 2021, FloQast experienced milestones in several key areas:

  • A successful $110 million Series D funding round, led by Meritech Capital, and a valuation of $1.2 billion, making the company a “unicorn workflow solution provider.”
  • The receipt of 36 G2 badges in 2021, including:
    • #1 Leader in the G2 Momentum Grid, Fall 2021 and Winter 2022 Leader, Users Love Us, High Performer in Enterprise, Leader in Mid Market, and Winter 2022 Momentum Leader.
  • Notable Q4 customer acquisition includes prominent names such as Atmosphere TV, Demandbase, Valo Health, BioLegend Inc., Black Rock Coffee, Shenandoah Valley Organic, and more.
  • The launch of several new initiatives, tools and programs, including:
    • FloQast Ops, a new workflow manager solution that addresses upstream and downstream financial functions to deliver greater control and transparency across accounting operations.
    • FloQast ReMind, a new request management workflow add-on that automates manual tasks and delivers new levels of visibility across the close process.
    • FloQast Studios, a full-scale production arm of FloQast designed to create entertaining, engaging, and educational content by accountants for accountants.
    • Partnership with Donnelley Financial Solutions (NYSE: DFIN) to transform the financial close and reporting processes, especially for companies planning to go public.
  • Notable growth in EMEA including:
    • The opening of FloQast’s London-based office.
    • 68 new customers – notable Q4 logos include Revolut, Babylon Health, Watches of Switzerland, and Ironsource.
  • The appointment of several new executives to drive FloQast’s success in 2022 and beyond, including:
  • The hosting of TakeControl 2021 in September, FloQast’s third-annual user conference, drawing more than 2,000 industry professionals and recognizing world-class accounting professionals and FloQast customers excelling in their pursuit of operational excellence.
  • The receipt of several high caliber awards and accolades, such as inclusion in Built In’s Best Place to Work list for the fourth year in a row, being named one of the Best Workplaces in the Country by Inc. Magazine, and one of the Best Places to Work by the Los Angeles Business Journal.
  • Reaching 1,000 users in the FloVerse, an online community platform for FloQast customers to network and collaborate.

This growth and momentum is made possible by FloQast’s community of employees who are committed to making accountants and financial leaders’ lives easier and more productive. Despite the challenges faced over the past two years during the pandemic, the company continues to excel in its performance, a credit to the team’s commitment to customer service and excellence in pursuit of FloQast’s overarching vision.

About FloQast
FloQast delivers workflow automation software enabling organizations to operationalize accounting excellence. Trusted by more than 1,500 accounting teams – including Twilio, coinbase, Los Angeles Lakers, Zoom, and snowflake – FloQast was built by accountants, for accountants to enhance the way accounting teams work. FloQast enables customers to streamline processes such as automated reconciliations, documentation requests, and other workflows that impact the month-end close, financial reporting, and payroll, and is consistently rated #1 across all user review sites. Learn more at FloQast.com.

Contact:
Kyle Cabodi
FloQast Director of Corporate Communications
kyle.cabodi@floqast.com

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Woolpert Acquires eTrac Inc., a Vessel-Based Hydrographic Survey Firm Headquartered in California

This merger combines complementary marine technology products and services to better serve U.S. and international clients with integrated capabilities.

DAYTON, Ohio, Feb. 3, 2022 /PRNewswire/ — Woolpert has acquired eTrac Inc., a vessel-based hydrographic survey and marine technology firm that conducts custom and integrated marine services for projects across the U.S. and its territories. These services include collecting and processing hydrographic survey and bathymetric mapping data for coastal mapping, navigation safety and nautical charting, high-resolution multibeam sonar data for shipping channel dredging and pipeline inspections, underwater imagery and aerial lidar data for change analysis, and vessel positioning and monitoring.

This acquisition combines the hydrographic survey and multibeam sonar expertise of eTrac with Woolpert’s aerial topographic, bathymetric and geospatial capabilities to deepen service offerings, leverage inherent synergies, achieve operational efficiencies and extend geographic reach. It also unites eTrac’s fleet of survey vessels with Woolpert’s 49 manned and unmanned aircraft.

eTrac is headquartered in San Rafael, Calif., and has offices in Texas, Washington and Alaska. eTrac will become part of Woolpert’s geospatial sector and will expand to serve clients throughout the U.S. and around the world.

About Woolpert
Woolpert is the premier architecture, engineering, geospatial (AEG) and strategic consulting firm, with a vision to become one of the best companies in the world. Woolpert is an ENR Top 150 Global Design Firm, recently earned its sixth-straight Great Place to Work certification and actively nurtures a culture of growth, inclusion, diversity and respect. Founded in 1911 in Dayton, Ohio, Woolpert has been America’s fastest-growing AEG firm since 2015. The firm has more than 1,600 employees and 60 offices on four continents. For more, visit woolpert.com.

About eTrac Inc.
eTrac Inc. was established in 2003 as a hydrographic survey, vessel positioning and marine instrumentation firm. eTrac has quickly grown to include over 40 employees in several offices along the coastal United States. The firm has earned a strong reputation among many sectors of the hydrographic industry, including government agencies and private industry. Its equipment fleet has also grown to include geophysical survey vessels as well as several ultra-portable, shallow water survey craft. eTrac is committed to continual reinvestment in industry leading equipment and knowledgeable staff to complete multibeam, singlebeam, sidescan, subbottom, mobile lidar and water-level surveys required by our clients. For more, visit etracinc.com.

Media contact: Woolpert PR Manager Jill Kelley; 937-531-1258, jill.kelley@woolpert.com

Video – https://www.youtube.com/watch?v=knDzoTW7-kA

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HEVĒ, Part of [INVNT GROUP], to Launch “ORIGINS” A Division Dedicated to Accelerating Growth for Start-Ups

The Global BrandStory Creators appoint SVP of Growth Strategies, Bill Stump, to lead “ORIGINS by HEVĒ” to launch, accelerate or reboot emerging BrandStories in the innovative health, wellness, and fitness industry

New York, NY, Feb. 02, 2022 (GLOBE NEWSWIRE) — HEVĒ, pronounced “heavy”, is a global and specialized creative agency and production studio built to create BrandStories. Since its launch 3 years ago, HEVĒ has experienced rapid growth across industry sectors taking BrandStories to new heights. Today, they announce the launch of a new agency focus “ORIGINS by HEVĒ” dedicated to innovative start-ups in the health, wellness, and fitness space. Why ORIGINS? Because every great story starts at the beginning.

The 2021 market closed with a record-breaking $44 Billion raised globally in health innovation, doubled funding year-over-year, and a 20x increase in the last ten years (Source: Startup Health Insights). Digital health has been experiencing historic growth as a category, but there is an agency gap. In response, HEVĒ developed a dedicated solution for early-stage companies to enter the market in a meaningful way.  An agency that serves as Brand Guardians to develop the identity, craft the story, and buy effective media, and an in-house studio that serves as Brand Creators to produce premium, yet efficient, original content for these companies.

ORIGINS by HEVĒ will be headed up by seasoned health and wellness expert, Bill Stump as Senior Vice President of Growth Strategies. Stump has over 20 years of deep media and agency experience, and an extensive background representing clients through his role as CEO and board member for digital physical therapy brand Egoscue Inc. In three years, Stump led the company through a complete rebranding process that doubled revenue and increased valuation +500% without outside investment. Through this experience, Stump gained invaluable knowledge of the challenges and opportunities early-stage health tech companies face and what they need in order to grow.

“Joining the HEVĒ team to pursue this growth venture with founder-led businesses is exactly what emerging health, wellness and fitness brands need today. HEVĒ is extending their historic storytelling expertise with iconic brands to smaller businesses with big aspirations, which could be a pivotal game changer for these emerging brands”, said Bill Stump.

Previously, Stump held senior positions at Men’s Health, Women’s Health, and Prevention. He developed and launched 26 international editions of Men’s Health in Europe, Asia, and Latin America. Stump also inaugurated and operated Rodale Inc.’s first-ever New Product Development team to incubate, build, test, and bring new brands and products to market – successes included YogaLife and Women’s Health.

On the new focus, CEO of HEVĒ, Chris Hercik, states “As individuals and brands, our origin story is the one thing that is unique and original to us. HEVĒ’s origin story began with the idea that great stories carry great weight, and if you have the right trifecta of talent, you can truly focus on telling BrandStories less told and create meaningful impact for your business. Now, we are extending that same method to the origin stories of new entrants in the digital health market.”

#####

About HEVĒ

HEVĒ, The Global BrandStory Creators, is part of [INVNT GROUP]™. Pronounced “heavy”, HEVĒ is a small but mighty creative agency and production studio built specifically to be the creators and guardians of your BrandStory. As Brand Guardians, HEVĒ Agency shows partners that anything imagined can be real if it led by a story, powered by strategy, and grounded in expertise. As Creators, HEVĒ Studios is on a mission to create the uncreated and ensure its well-made because Great Stories Carry Great Weight. HEVĒ is known for its innovative approach to telling BrandStories for valued partners such as SHRM, L’Oréal, FOX, Sports Illustrated, PatientPoint and many more. For more information visit www.hevestudios.com

About [INVNT GROUP]

[INVNT GROUP] was established in 2020, as an evolution of the founding global live brand storytelling agency INVNT in 2008, with a vision to provide consistent, meaningful, well-articulated BrandStory across all platforms. With offices in New York, Sydney, London, Singapore, San Francisco, Sydney, Stockholm, Detroit, and Washington D.C.; headed by President and CEO, Scott Cullather, [INVNT GROUP], THE GLOBAL BRANDSTORY PROJECT™ represents a growing portfolio of complementary disciplines designed to help forward-thinking organizations everywhere, impact the audiences that matter, anywhere. The GROUP consists of modern brand strategy firm, Folk Hero; creative-led culture consultancy, Meaning; branded content studio and content marketing agency HEVĒ, INVNT Higher Ed; events for colleges and universities, and the original live brand storytelling agency, INVNT. For more information about [INVNT GROUP], visit: www.invntgroup.com.

Attachment

Jhonathan Mendez de Leon
[INVNT GROUP]
1.347.819.2089
jmendezdeleon@invnt.com

Shendi Katro
HEVĒ
1.857.237.6565
skatro@hevestudios.com
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Synchronoss Reports Accelerated Cloud Subscriber Growth in the Fourth Quarter of 2021

Increased Adoption from New and Existing Customers Drove 18% Year-Over-Year Subscriber Growth for Synchronoss Cloud in Q4 2021

BRIDGEWATER, N.J., Feb. 02, 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in cloud, messaging and digital products and platforms, today reported an 18% year-over-year increase in subscribers within its Synchronoss Cloud business for the fourth quarter of 2021. The 18% increase represents an acceleration from 16% growth in the prior quarter and 15% growth in the same period in 2020.

The key drivers behind the Company’s continued cloud subscriber growth include further adoption by existing customers, such as Verizon, AT&T, Tracfone, and Assurant, as well as the signing of new Synchronoss Cloud customers in its largest and most strategic business segment. In 2021, Synchronoss secured cloud contracts with four (4) new customers, including Allstate Protection Plans, Telkomsel, TelkomSigma and Kitamura. Allstate Protection Plans launched last year while the other three new customers are scheduled to roll out cloud offerings in 2022.

“The strength of our cloud subscriber performance in Q4 2021 reflects our commitment to Synchronoss Cloud as the future growth driver of our business,” said Jeff Miller, President and CEO of Synchronoss. “We are continuing to place greater focus on this strategic platform, delivering new offerings, feature enhancements, and user experiences to support our global expansion. We entered the new year with strong operating momentum giving us confidence in our ability to deliver healthy, double-digit subscriber growth in 2022, which should translate to greater topline expansion over time as new customers launch and existing customers ramp their cloud offerings.”

Synchronoss Cloud is a white-label platform that enables users to backup, sync, and organize photos, videos, contacts and more between any device and the cloud. The Synchronoss Cloud offering is currently integrated into a range of mobile and wireline service plans as well as other bundled offerings. The platform provides an easy way to securely manage, share, and safeguard all types of digital content. A feature-rich personal cloud offering gives service providers the opportunity to create new services, provide more value for subscribers, build brand loyalty and bolster their bottom lines.

Synchronoss will provide more detail on its cloud subscriber metrics when it reports complete financial results for the fourth quarter and full year 2021 in March. The details of the conference call will be provided prior to the event in the coming weeks.

About Synchronoss
Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services, and content they love. That’s why more than 1,500 talented Synchronoss employees worldwide strive each day to reimagine a world in sync. Learn more at www.synchronoss.com.

Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Investor Relations Contact:
Matt Glover and Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com

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Hisense Announces Appliance partner for Season Four of MasterChef South Africa

CAPE TOWN, South Africa, Feb. 2, 2022 /PRNewswire/ — Hisense, provider of high-performance cooking and home appliances, has announced it will be an appliance partner for the highly anticipated fourth season of MasterChef South Africa. As the creators of reliable smart home appliances that meet the demands of modern consumers, Hisense will support contestants to cook and bake their way to victory with the Hisense HHU60GAGR Hob and Hisense BI5223BB Oven.

“We are proud to sign on as an appliance partner for MasterChef South Africa’s fourth and most exciting season yet. Hisense looks forward to being the right hand for contestants, while also supporting South Africans to reimagine their daily lives with locally-made appliances that incorporate cutting-edge technologies, quality design, and warm service,” said Patrick Hu, marketing director of Hisense South Africa.

Featuring a space-saving front knobs control design and auto-ignition function, the Hisense HHU60GAGR Hob will help contestants save time and maximize their cooking area while whipping up inventive new dishes. The cast-iron pan stand keeps kitchenware steady, and Flame Failure technology protects chefs’ safety throughout the show’s 20 episodes.

When it comes to baking, the Hisense BI5223BB Oven cooks dishes quickly and evenly with its heated Turbo Fan, while delivering the same qualities as a wood-burning oven with its unique cavity shape. Coupled with the Cooling System Plus, removable inner glass door and steam clean function, the oven is fit to tackle any challenge in the MasterChef kitchen or the home kitchen.

Hisense SA will launch a series of campaigns, including digital campaigns, Competition Promotion, DSTV and YouTube ads, to promote its products, covering TV and white goods as well. Hisense’s other cooking appliances, such as Hisense HBO60201 Oven, Hisense H60STEB Hob, Hisense HHO60PABL Extractor, and Hisense HFS90GA5ES Free Standing Cooker, will also become attractions during the partnership.

MasterChef South Africa’s fourth season will see 20 contestants battle it out over 20 episodes for a grand prize of R1-million and the coveted title of MasterChef. The latest season will also welcome an all-new judging panel, which includes celebrated chef, food stylist and award-winning author Zola Nene; Gregory Czarnecki, the award-winning head chef at The Restaurant at Waterkloof; and South African culinary legend and Fresh Living magazine editor Justine Drake.

MasterChef South Africa season four premieres on Monday 28 February 2022 on M-Net (DStv Channel 101) at 18:00.

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The Bank of Namibia Selects SQL Power’s Supervisory Platform to Strengthen Their Commitments to Growth

TORONTO, Feb. 2, 2022 /PRNewswire/ — SQL Power, the global leader in financial regulatory and advanced analytics technology is proud to announce that their supervisory platform, the SQL Power Suite, was selected by the Bank of Namibia (BON) as the technology framework to digitally transform the Bank.

SQL Power Group

The SQL Power Suite is the most robust and compelling Financial Supervisory solution in the World. Delivering the ultimate in regulator flexibility, self-sufficiency, efficiency, and transparency; increasing the likelihood of timely successful intervention while providing all interested parties with the ultimate confidence in the regulated market.

The BON is the country’s central bank with financial supervisory authority, whose role is to promote stability and reliability of the financial system as well as to ensure sustainability, growth, and effective consumer protection.

“The Bank is automating various business processes in three supervisory departments, namely Banking Supervision Department, Payment and Settlement Systems Department and Exchange Control Division. This will assist our teams to work faster and more efficiently and effectively, saving our staff time and improving the reputation of the Bank, as we strive to improve on our service delivery and stakeholder satisfaction goals internally and externally.

The Interdepartmental Project will improve the work environment and place high-tech resources and expert digital skills at our disposal to carry-out our day-to-day activities. This change improves our work environment, improves efficiency, and improves tracking and delegating of responsibilities in our processes.”  Leonie Dunn – Deputy Governor of the Bank of Namibia

As regulators struggle to keep up with the accelerating pace of regulatory change, SQL Power’s highly configurable supervisory platform automates every aspect of financial regulation from registration to data collection to on-site examination and investigations; Ultimately future-proofing the Central Bank with a unified and flexible supervisory platform that will satisfy their regulatory requirements for decades to come.

“I am confident that the Bank of Namibia’s digital transformation initiative will be a huge success and will serve as a showcase implementation for all Central Banks in Africa and around the World,” said Sam Selim, President of SQL Power.

About SQL Power

Founded in 1989, SQL Power Group Inc. is a global application software firm specializing in data collection, data integration, business intelligence, and regulatory implementations.

Since implementing the first supervisory solution in Canada in 2009, SQL Power has been at the forefront of financial regulatory software innovation – rolling out the world’s first fully-integrated XBRL-based data collection, risk management, case management, and advanced analytics solution that evolves seamlessly with evolving Global Financial Standards and customer needs.

Contact: Bojana Nikolic, bojana@sqlpower.ca

Photo – https://mma.prnewswire.com/media/1737263/SQL_Power_Group_Inc__The_Bank_of_Namibia_Selects_SQL_Power_s_Sup.jpg

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Hyper Hippo, Leading Idle Game Developer, Launches Dungeon Dwarves on Netflix

KELOWNA, British Columbia, Feb. 01, 2022 (GLOBE NEWSWIRE) — Hyper Hippo Entertainment, a leading developer of mobile idle games, launches a new title, Dungeon Dwarves on Netflix.

Hyper Hippo Entertainment, the developer & publisher behind the hit mobile games, AdVenture Capitalist, AdVenture Communist, and AdVenture Ages, today announced the global launch of a next generation idle game: Dungeon Dwarves. Dungeon Dwarves is now available worldwide on the App Store, Google Play, and Netflix.

Watch the Dungeon Dwarves trailer here.

“Hyper Hippo is thrilled to launch the first idle game on Netflix in 15 languages in over 190 countries around the world,” said Lance Priebe, Founder and Chief Innovation Officer at Hyper Hippo Entertainment. “This is a fantastic opportunity for us to collaborate with a team who clearly love games as much as we do and who support our vision of entertaining and inspiring players around the world.”

In Dungeon Dwarves, players command a party of mighty Dwarven heroes through an endless series of deadly challenges. Players will power up their heroes with gold and equipment found in dungeons as the non-stop search for gleaming treasure drives them onward. In true Dwarven fashion, watch as your heroes effortlessly swap from mining pick to axe, whether the job calls for smashing through rocks or slicing through trolls!

Dungeon Dwarves is a fun, addictive idle game that everyone can play, but with room for mastery. Your Dwarves never stop fighting, so there are always shiny rewards waiting for you when you log in. Play for as little or as much as you like, every session promising compelling progress, deadly battles, Dwarven antics, and heaps of treasure!

Committed to serving players around the world, Hyper Hippo will support the game with regular updates including the addition of 18 new languages.

Download the game on your iPhone or iPad here.

Download the game on your Android device here.

Play on Netflix from your mobile device here. Please ensure the Netflix app is installed to auto-launch the games page.

Hyper Hippo Entertainment, a winner of gamesindustry.biz’s Best Places to Work award 2021, is currently hiring. Find out more here.

About Hyper Hippo Entertainment:

Hyper Hippo is an entertainment studio, focussed on making entertainment that has a positive impact on the world. Founded in 2012, by the creator of Club Penguin, Lance Priebe, Hyper Hippo are the makers of the idle hits AdVenture Capitalist, AdVenture Communist, and AdVenture Ages. For more info, please visit http://www.hyperhippogames.com.

Press Kit

Find supporting assets here.

Media Contact

Jennifer Kilback
Hyper Hippo Entertainment
jennifer.kilback@hyperhippo.com
250-448-8550

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Kenya-based Trucking Startup Amitruck Raises $4m Seed Funding to Accelerate Expansion of Digital Logistics Solutions Across Africa

–   The round was led by Better Tomorrow Ventures (BTV) with the participation of Dynamo Ventures, Rackhouse Venture Capital, Flexport Inc, Knuru Capital, Launch Africa Ventures, Uncovered Fund, and strategic angel investors

–   Amitruck’s new funding will be used to expand its presence across Africa and hire new talent

NAIROBI, Kenya, Feb. 1, 2022 /PRNewswire/ — Kenya-based digital trucking logistics startup Amitruck has announced today that it has secured $4m in a seed funding round that had the participation of investors from Africa, Asia, Europe, the Middle East, and the United States.

The fundraising was led by Better Tomorrow Ventures (BTV), a San Francisco-based venture capital firm that targets early-stage startups. Also in the round were supply chain and mobility venture capital Dynamo Ventures, an investor to Berlin-based Digital Freight Forwarding unicorn, Sennder GmbH. Other investors included Rackhouse Ventures, founded by Kevin Novak, one of the early members of Uber Freight; Flexport Inc, a digital freight forwarding and customs brokerage company based in San Francisco; Knuru Capital, Launch Africa Ventures, the Uncovered Fund, and several strategic angel investors.

Amitruck’s CEO and Founder, Mark Mwangi, said the funding will be used to lead the startup’s expansion across Africa and to hire teams across its technical, operations, and sales units, including senior leadership.

“We are thrilled about the positive response that Amitruck has received from cargo owners and transporters alike. Transport touches on almost every sector of the African economy and is crucial to its development; we are excited to be part of that journey. Thanks to the support from our investors, we look forward to expanding our footprint across Africa and bringing more carriers and shippers to our marketplace,” he said.

BTV’s General Partner Jake Gibson said Amitruck was selected for investment due to its high level of innovation and a growing need for its services.

“As an investor in unicorn CloudTruck startup here in the US, we have in-depth knowledge of the operational and financial requirements from truckers. While the trucking and logistic business in Africa has grown tremendously over the years, the pace of innovation particularly in its administration has been slow. Amitruck’s solution is ideal for bringing the industry into the 21st century.” he said

BTV previously invested in Cloudtrucks, the $850 million California-based startup that uses technology to bridge administrative bottlenecks for trucking businesses.

Amitruck was founded in 2019 to streamline the trucking business in Africa, which had, hitherto, been informal, fragmented, and based on archaic manual systems that unnecessarily increased operating costs. As a result of the informal arrangements that a majority of the continent’s trucking operations have been based on, the cost of transportation remains five times higher than in developed countries, and the final cost of goods can be up to 60 percent more.

With Amitruck, clients connect directly with transporters eliminating the cost-prohibitive middlemen. Moreover, the vehicles and drivers on the platform are keenly vetted for quality and reliability, and the customers’ goods are insured against loss or damage.

It is this convenience, security, efficiency, and competitive pricing that has seen the startup’s database grow to over 8,000 vehicles, which have in just over two years completed almost 100,000 deliveries for more than 300 corporate clients. Consequently, its revenue grew 1,000 percent in 2021, despite the limitations brought about by the COVID-19 pandemic. The startup’s revenues had grown 400 percent in the previous year, based on rising popularity from up to 30 percent in cost-savings for clients.

Amitruck is eyeing market dominance in the Africa trucking and logistics market, which accounts for almost 80 percent of transported goods. The startup participated in the JICA-backed Ninja Accelerator program in 2021, and was also accepted to the Google-backed Black Founders Fund Accelerator as well as AbInbev’s Budstart Accelerator program later that year.

 ABOUT AMITRUCK

Amitruck is a trucking logistics marketplace that allows transporters (owners of motorbikes, pick-ups, vans, and trucks) to find and connect with shippers through its mobile and web applications.

Transporters bid for work on the platform, ensuring competitive prices, while cargo owners have convenient access to a range of competitive offers and can choose a transporter based on price, rating, and experience.

With its expansion across Africa, the startup is hiring across its key functions, including sales, engineering, and customer success. Interested candidates are invited to apply at https://www.amitruck.com/careers.