Browsing: expansion

• A new platform dubbed inDrive.Freight will allow users to send parcels with the cost of delivery negotiated with the driver. 
• Customers will send parcels of up to 20,000kg to one another. 
• The platform will also allow users to  receive or send non-liquid items via in-city routes in Cape Town and Jo’burg.

E-hailing platform inDrive, best known for allowing customers to negotiate prices with drivers, looks set to tap into South Africa’s freight market. The move follows the introduction of bargain-your-ride e-hailing service in the country. 

The new platform dubbed inDrive.Freight will allow users to send parcels with the cost of delivery negotiated with the driver. With offerings ranging from compact cars for smaller parcels, to large trucks suitable for moving or business requirements, customers will send parcels of up to 20,000kg to one another. 

The platform will also allow users to receive or send non-liquid items via in-city routes, …

• Grey’s expansion in the East African Market follows $2 million seed funding of the West African company.
• Grey CEO AIdorenyin Obong says the Kenya office will help the firm navigate its planned operations across East African Community. 
• The company has also privately launched Grey Business, a borderless business banking for startups. 

Nigerian Fintech startup Grey has picked Kenya as its East African hub as it expands operations into the largest economy in the East African Community. The move follows $2 million seed funding the West African company raised as it eyes Uganda and Rwanda in the near future.

Already, the firm’s platform is live in Tanzania and Kenya with over 300,000 users. Grey CEO AIdorenyin Obong says opening offices in Kenya will help the firm navigate the markets in the East African Community. 

“Kenya’s Diaspora remittance is very vibrant as remittance inflows to Kenya have increased tenfold in the last …

In Nigeria, where an estimated 38 million people, or 36% of adults, remain financially excluded, the government has set a target of 95% financial inclusion by 2024. 

While this may seem like an ambitious goal, that will require institutions to re-strategize initiatives and policies to accelerate the delivery of financial inclusion services, a lot of tech-backed firms are being developed in the West African country to help achieve this goal. 

Among them is Lagos-based FinTech unicorn Interswitch which seems to have heeded that call, leveraging its position as a market leader in digital payment services to bridge the massive financial inclusion gap and help bring as many people into the financial and economic fold as possible.…

This and other challenges including unpredictable prices of farm produce and a lack of working capital often plague small restaurants and food vendors across the continent. 

This is what largely drove the creation of TopUp Mama- Former Kibanda TopUp- in Kenya. 

The firm launched in February 2021 in Nairobi and has reported significant growth over the past year since its inception. 

Founded by Njavwa Mutambo, Emilie Blauwhoff and Andrew Kibe, the startup has grown 10-fold in just over a year with more than 3,000 merchants (1,000 active) using its platform to make orders every month.…

• The African firm which provides shared transportation services for both intracity and intercity movement acquired the Turkish firm at around US$40 million
• Swvl currently repurposes underutilized, privately owned buses or minivans for different purposes throughout the day
• Swvl said the acquisition of Volt Lines would add an incremental US$4.3 million of annualized revenue to its balance sheet

Egyptian startup Swvl has expanded into Turkey after it recently acquired B2B transportation-as-a service operator Volt Lines. 

The African firm which provides shared transportation services for both intracity and intercity movement acquired the Turkish firm at around US$40 million.

The acquisition now gives Swvl access to Volt Line’s tech as well as over 110 corporate client contracts. 

Swvl currently repurposes underutilized, privately owned buses or minivans for different purposes throughout the day. 

Some of these include shuttling intercity commuters along fixed routes, providing rides between cities and driving corporate employees to work …