Triply, a startup founded by Peter Wachira and Collins Muthinja, aims to simplify the payment process for smaller travel businesses in Africa. The company’s software combines various features, including a wallet for collecting payments and managing expenses. By catering to the unique needs of African travelers, Triply is filling a gap in the market and helping to empower the continent’s travel industry.
Despite facing challenges like currency volatility and cultural differences, Triply has managed to navigate the complexities of the African travel market. The company’s focus on understanding the needs of domestic travelers has helped it stand out in a region where offline channels and social commerce play a significant role in the travel industry. By consolidating payment tools and providing a platform for managing tour and accommodation listings, Triply is positioning itself as a key player in the African travel sector.
Triply’s participation in Y Combinator, a prestigious startup incubator, has helped the company secure funding and mentorship. Through the program, Triply was able to showcase its profitability and growth, which set it apart from other startups in the region. Despite facing logistical challenges as an overseas business, Triply has continued to grow and expand its reach within the African travel industry.
With the support of Y Combinator, Triply aims to collaborate with larger partners in Kenya and expand its presence in other African countries. By focusing on revenue growth and profitability, the company is working towards becoming self-sufficient and less reliant on external venture funding. Triply’s success in securing investment during the Y Combinator Batch demonstrates its potential to become a key player in the African travel market.
Peter Wachira envisions Triply as the backbone of travel in Africa, with the goal of becoming the go-to platform for travelers and businesses in the region. By establishing a strong presence in Kenya and expanding its services to other African countries, Triply aims to support businesses and empower the continent’s travel industry. Despite the challenges posed by the Covid-19 pandemic, Triply remains committed to identifying and filling gaps in the market to facilitate travel on the continent.
Overall, Triply’s innovative approach to payment solutions for smaller travel businesses in Africa has enabled the company to overcome challenges related to currency volatility and cultural differences. By providing a platform that caters to the needs of both travel businesses and domestic travelers, Triply is making significant strides towards becoming a key player in the African travel industry. With the support of programs like Y Combinator and a vision to empower the continent’s travel sector, Triply is well-positioned to bring about positive change and innovation in the African travel market.
