LegAfrik Expands operations into Burkina Faso.

Ouagadougou (Burkina Faso) and Abidjan (Cote D’Ivoire) March 2019. GreenTec is very pleased to announce that LegAfrik has expanded the footprint of its legal-tech service offerings in the OHADA region by opening an office in Ouagadougou in partnership with the Mozcity Incubator.

LegAfrik addresses a clear and present need in West Africa: the facilitation and simplification of the formalization of businesses. This is particularly important to governments and the stabilization of regulatory environments. Expanding access to formalized business will allow governments to collect tax revenue more effectively and helps businesses need to operate more transparently and achieve a larger scale (e.g.: with Mobile Money). However, despite recent government efforts barriers for businesses to formalize remain high.

The LegAfrik SaaS Platform provides a turn-key solution that enables seamless end-to-end management and execution of the registration processes as well as offering additional value-added extension services to these newly formalized businesses (accounting, invoicing, debt collection, etc).

A testament to the nascent legal tech industry, LegAfrik has built strong momentum in Cote D’Ivoire reaching monthly billing revenues of over €15,000. The company is well on the way to positioning itself as a regional leader in legal tech. In line with its regional expansion strategy, the company has opened an office in Burkina Faso in partnership with the Mozcity Incubator. The company has already serviced its first clients in Burkina Faso and expects clients and revenues to grow quickly.

With its customer-focused strategy at the core of all LegAfrik’s activities, LegAfrik CEO Mr. Ballo has recently negotiated a strategic partnership with the accounting group Strataige. Strataige offers an online CRM and accounting tool called AkilCab. Through this partnership, LegAfrik will be able to offer this new accounting tool to its rapidly-growing list of service offerings as a part of its digital platform. With a presence both in France and in Côte d’Ivoire and complementary core competencies, the Strataige Group is an ideal partner to maintain LegAfrik’s fast-paced growth.

This formalization trend cuts across sectors in Africa and LegAfrik’s pipeline for potential partnerships and service offerings provides ideal positioning to service this growing demand. GreenTec expects the company to expand its geographic footprint quickly and to establish itself as the African market leader in legal tech.

Links

Other Posts

Case Study: Amitruck and Sanergy       

Frankfurt (Germany) and Nairobi (Kenya), June 2020. To better highlight one of GreenTec’s newest portfolio companies, we are happy to share the following case study on how Amitruck became Sanergy’s  logistics provider in Kenya. Amitruck developed its logistics app and platform with the goal of bringing trust and transparency to the Kenyan logistics sector. Sanergy…

read more

GreenTec invests in Kenya’s logistics platform Amitruck

Frankfurt (Germany) and Nairobi (Kenya), April 2020. GreenTec Capital is very pleased to announce our investment in Kenya’s Amitruck. Amitruck is an innovative mobile and web based trucking logistics platform that brings together cargo owners and transporters for their mutual benefit. Logistics spending in Africa by manufacturers and retailers has crossed the $160 billion mark…

read more

Adapting in times of adversity: A lesson from Yusudi.

Frankfurt (Germany) and Nairobi (Kenya). Africa is no stranger to adversity, which is the crucible that forges innovation and entrepreneurs. We at GreenTec Capital we regard adaptability as one of the most important characteristics that an entrepreneur can have. With the current disruptions to the global economy from the worldwide coronavirus outbreak, many businesses are…

read more