MPost

MPost is an innovative addressing solution that converts mobile numbers into official postal addresses, simplifying mail and parcel delivery for users in Kenya. Founded in 2018 in Nairobi, Kenya, MPost provides a unique service that allows users to register mobile numbers as virtual postal addresses. The company has not undergone any significant pivots in its business strategy or operations. MPost was established by Abdulaziz Omar and Twahir Mohamed, who currently serves as the CEO.

The company has completed one deal to date, with its most recent investment occurring on June 11, 2019. MPost is a pioneering addressing solution that transforms mobile numbers into official postal addresses, thereby streamlining mail and parcel delivery for both individuals and businesses. The company's core product allows users to register their mobile numbers as virtual addresses, ensuring timely and efficient delivery of mail and parcels. By providing instant SMS notifications, MPost facilitates a seamless communication process, keeping users informed about their deliveries.

This innovative service is designed to address the common challenges associated with traditional postal systems, such as address entry errors, missed packages, and delayed shipments. MPost primarily serves customers in Kenya, making postal services accessible to individuals in urban areas like Nairobi as well as rural locations across the country. MPost operates on a subscription-based revenue model, charging a yearly fee of KES 2,050 for users to register their mobile numbers as postal addresses. This fee grants users access to the full suite of MPost services, including mail and parcel notifications.

The transaction structure is primarily B2C, focusing on individual subscribers who benefit from the convenience of having a personalized postal address linked to their mobile number. The service enhances the online shopping experience for customers by providing a reliable address for deliveries from eCommerce platforms. Clients are informed that annual renewal fees will also be KES 2,050, establishing a consistent revenue stream for the company. MPost plans to utilize the funds raised in June 2019 from HAVAIC to enhance its product offerings and expand into additional geographic markets.

The company is currently focusing on developing new features for its addressing solution, with plans aimed at launching these improvements in the coming years. Additionally, MPost is exploring expansion into other regions within East Africa to broaden its customer base and improve postal services across the region.