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ProjectUpdated on 18 August 2026

AFRICA’S NEXT TRUSTED MARKETPLACE

CEO at More Classifieds Agency Ltd

Kenya

About

More Classifieds Agency Kenya's Digital Marketplace and SME Growth Partner

The Problem

Kenya is home to 7.4 million small and medium enterprises. They are the backbone of the economy, employing the majority of the workforce and driving trade in every town and estate. Yet more than half of them have no effective online presence. Their customers are searching online, on their phones, right now, and cannot find them. Existing options fail these businesses: global platforms are built for a different market, digital marketing agencies are priced for corporates, and social media alone offers noise without discoverability. The result is a massive visibility gap between the businesses that need customers and the customers who need them.

Our Solution

More Classifieds Agency closes that gap. We are a centralised, affordable, data-driven platform that connects Kenyan businesses directly with ready-to-buy customers. Our core marketplace, more.co.ke, provides verified business listings that give SMEs a trusted digital presence. Layered on top of it, we offer digital marketing and targeted promotion so businesses can reach the right buyers, not just any buyers. Through More HR, we provide AI-powered talent placement, including a specialised Kenya–GCC pipeline, so growing businesses can staff up. And through More Popote, our nationwide field-agent affiliate network, we onboard SMEs face to face in the markets where they operate, using mobile money and local trust to remove the friction that stops informal businesses from going digital. Together, these solutions take a business from invisible to discoverable, and from discoverable to profitable.

Traction

More than 15,000 businesses already use More Classifieds to reach customers across Kenya. Our field network has proven that boots-on-the-ground onboarding works in the informal economy, and our multi-service model means each business we sign up can grow with us across listings, marketing, and hiring, deepening engagement and lifetime value.

Why Now

Three trends are converging in Kenya: rapid SME digitisation, mobile-first commerce built on one of the world's most advanced mobile-money ecosystems, and the steady formalisation of the informal economy. Businesses want to be found online, consumers expect to find them there, and the infrastructure to connect them finally exists. More Classifieds is built precisely for this moment and this market.

The Vision

More Classifieds is not just a classifieds platform. It is a business growth engine for Kenyan entrepreneurs, and a foundation for a discoverable, digital SME economy across East Africa. We invite partners and investors to join us in building a marketplace where every business, no matter its size or location, can be found and can grow.

Traction

More Classifieds has already proven demand in the market. Over 15,000 businesses use the platform to reach customers across Kenya, growing at 6% month-on-month over the last 6 months. Our marketplace attracts 3Million monthly visitors, generating 200,000 buyer enquiries to listed businesses each month. Our paying customer base stands at 20 businesses with an average revenue per business of KES 10,000 and a retention rate of 60%. More Popote has scaled to 60 active field agents in 2 counties, onboarding an average of 200 new businesses per week at a customer acquisition cost of KES 450. More HR has completed 2 placements, including 1 into GCC markets.We have partnered with Bolt e mobility for logistics provision,

The Ask

We are raising USD 2.5-3M in a seed round to accelerate growth over the next 18 months. Use of funds will be split roughly as follows: 10 % to expand the More Popote field network into 5 new counties and onboard 20,000 additional SMEs; 20% to product and engineering, including AI-driven matching, self-serve promotion tools, and mobile-money integration; 45% to sales and marketing to grow paid conversions among existing listed businesses; and 25% to working capital and team hires in finance / operations / customer success. With this capital, we project reaching 1million businesses on the platform, 100,000 paying customers, and KES 200,000,000 in annual revenue by 2029, with a clear path to break even . We are seeking investors who bring not just capital but networks across Kenyan SME finance, telcos, and regional expansion, and we would welcome a conversation about how you can join us in building the growth engine for Kenya's entrepreneurs.

Project Location

  • Kenya

Project Website

https://more.co.ke

Project Format

  • Private Project

Go Global Project

  • Yes

ESG (Environmental, Social, and Governance)

  • No

Project Stage

  • Operations

Main Project Sector

  • Agriculture, Food and Rural Development
  • Technology
  • Transport and Logistics Infrastructure

Agriculture, Food and Rural Development

  • Agro-Industry
  • Livestock

Energy and Natural Resources

  • Solar Energy

Public Utilities

  • ICT And Data Center

Technology

  • E-Business
  • Education Technology
  • Fin-Tech
  • Intelligent Manufacturing
  • Property Technology

Transport and Logistics

  • Warehouse And Logistics Parks

Urban Development

  • Hospitality & Tourism
  • Property Development
  • Technology Park

Total Project Value

  • 2,500,001 to 5,000,000 USD

Investment Capital Required

  • 2,500,001 to 5,000,000 USD

Interested Format of Cooperation

  • Direct Equity Investment
  • Joint Venture

Preferred Financing Model

  • Equity

Type(s) of Last Financing Round of the project (if Applicable)

  • Equity (private)

Main Service(s) Required

  • Information Technology Services
  • Professional Services

Environmental Services

  • Environmental Engineering

Financial Services

  • Private Equity & Venture Capital

Information Technology Services

  • Digital Marketing
  • E-commerce
  • E-logistics and Supply Chain Management
  • E-payment
  • Industry Solutions
  • IT Consulting

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