MarketForce acquired Digiduka, expanding its fintech and merchant-wallet capabilities.
SourceThe SuperApp for neighbourhood merchants in Africa.
Public company, workplace, funding, and market signals
Updated Jul 30, 2026
MarketForce is a Nairobi-based retail-distribution and fintech startup that built RejaReja, a B2B commerce marketplace for informal merchants and consumer brands across Africa. Public reporting says it later wound down the RejaReja B2B arm and pivoted toward a social-commerce / conversational-commerce spinout, Chpter.
Primary product
RejaReja — a B2B retail marketplace / merchant super-app for inventory ordering, payments, and merchant financial services
Founded
2018
Headquarters
Nairobi, Kenya
Team size
50-60
Industry
Internet Marketplace Platforms
Sub-industry
B2B retail distribution and fintech marketplace
Offices
0 jobs at MarketForce
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Business model
Stage
Series A
Total raised
$42.5M
Latest round
Series A · Feb 2022
Latest amount
$40M
Feb 2022 · V8 Capital Partners
Jul 2021
Y Combinator Summer 2020 check
Aug 2020 · Y Combinator
May 2020 · ViKtoria Ventures (VBAN)
Leadership
Co-Founder & CEO
Co-Founder & CTO
Chief Financial Officer
Chief Operating Officer
VP, Marketing & Impact
VP of Engineering
Head of People and Culture
Head of Customer Experience
Publicly described as a positive, collaborative, integrity- and ownership-oriented culture with transparency, care for colleagues and clients, and a 'work hard, play hard' tone.
Compensation
No public salary bands were found. Public signals emphasize ESOP participation, growth, and learning, but not a published compensation grid.
Benefits
Pricing
Not publicly disclosed; appears to monetize through a marketplace / transactional model plus merchant-finance and brand intelligence services rather than published list pricing.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$10M-$20M
Estimated monthly visits
573
MarketForce acquired Digiduka, expanding its fintech and merchant-wallet capabilities.
SourceTechCrunch reported two rounds of layoffs and said MarketForce let about 250 people go amid a cash crunch and restructuring.
SourceTechCrunch reported MarketForce shut down RejaReja in Kenya, Nigeria, Rwanda, and Tanzania, keeping Uganda active for a time.
SourceDisrupt Africa reported Pezesha filed a liquidation petition over unpaid debts.
SourceTechCrunch reported MarketForce wound down its B2B e-commerce arm, RejaReja, and pivoted toward Chpter.
SourceTechCrunch · Apr 2024
TechCrunch reported that MarketForce wound down RejaReja after sustainability problems, high margins pressure, and a funding crunch, and that it was pivoting to Chpter.
Disrupt Africa · Dec 2023
Disrupt Africa reported a liquidation petition tied to unpaid debts, with a court date scheduled in 2024.
TechCrunch · Oct 2023
TechCrunch reported MarketForce shut down operations in Kenya, Nigeria, Rwanda, and Tanzania for RejaReja, keeping only Uganda active at the time while it prepared a social-commerce spinout.
TechCrunch · May 2023
TechCrunch reported two rounds of layoffs, about 250 people let go, and a major cash crunch after some committed Series A capital was not wired.
TechCrunch · Feb 2022
TechCrunch reported MarketForce’s $40 million Series A round led by V8 Capital Partners, bringing total publicly reported funding to $42.5 million at the time.