Fez Delivery, founded in 2020 and based in Lagos with hubs across Nigeria, operates a hybrid model that combines on-demand delivery with a hub-and-spoke system. The company owns roughly 30% of the assets on its platform and has developed a SaaS platform to onboard and verify trained third-party two-wheeler partners. Individual customers access services via mobile and web apps while business clients use APIs and dashboards; Fez claims over 17,000 customers (70% individuals, 30% SMEs/startups). It completed 200,000 trips last year and reported revenue growth of 20% month-on-month. The startup also launched a vertical, FEZ for fintechs, to deliver debit cards and POS terminals for fintech customers. Fez plans to use new funding to deepen work in Nigeria, improve technology and operational efficiency, hire more talent, and increase marketing, while considering expansion from Q4 2023 into Ghana, Kenya and South Africa.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2023