Centum Kenya invests in online start-up, Blissful.co.ke

February 3, 2016

Centum Foundation has invested an undisclosed amount in Blissful.co.ke; a website that connects businesses in the weddings and events industry to prospective clients.

It becomes the first startup in which Centum Foundation will invest in this year.

The announcement comes a week after Centum said it had committed to invest about $5 million (Sh510 million) in startups in the next three years.

Each eligible start-up is to get up to $150,000 (Sh15.3 million) either through a convertible debt or equity.

Blissful has over the past year grown to list over 700 businesses, ranging from wedding venues, photographers, bakeries and wedding gown sellers.

The firm provides a free platform for businesses to showcase their work but also allows users to request quotations or get in touch with specific businesses.

It is expected that Blissful will in the future earn money from advertisements or charging users of the platform. Source: Business Daily Africa