Rwazi Secures $4M Seed Funding to Revolutionize Market Intelligence in Developing Countries
March 26, 2023
Rwazi, Wilmington, Delaware-based start-up has secured $4 million in seed funding from investors Alumni Ventures and Bonfire Ventures. The company is transforming how multinational consumer goods companies access and analyze data from developing markets. By offering actionable data on purchasing trends, prices, and consumer behavior, Rwazi empowers businesses to drive revenue and expand their operations.
Leveraging a unique combination of technology and a network of over 20,000 "mappers," Rwazi collects data from urban and rural areas across 40+ countries in Africa, Asia, and South America. This approach enables collecting near real-time, on-ground data organizations need for effective decision-making.
Rwazi addresses data collection challenges in developing countries, particularly in Africa, where traditional methods are often lacking. By providing income-generating opportunities for millions of educated, tech-savvy young people, Rwazi's mappers become an essential part of the data collection.
As the first and only company with a large and growing network of mappers in these regions, Rwazi holds a unique advantage in the market intelligence industry. Their customers include for-profit organizations, non-profit organizations, and government agencies across various sectors such as healthcare, consumer goods, automotive, education, finance, agriculture, energy, transport, and media.
With a mission to make data accessible for effective decision-making, Rwazi is set to become a game-changer in the global market intelligence landscape. Visit us for more information about their latest funding round: https://founderlodge.com/round/Rwazi-raises-4000000-Seed-2023-03-24-Joseph-Rutakangwa-MTE0MDI