SafeBoda launched as a two-wheel ride‑hailing platform and two years ago began executing a super app strategy. It now offers rides, parcel delivery, food and shop, payments, savings and other financial services to more than 1 million customers across Uganda and Nigeria. The company counts over 25,000 drivers who have completed upwards of 40 million orders in both markets. SafeBoda was founded in 2017 and has rarely disclosed fundraising publicly, though people familiar with its dealings say it has raised more than $20 million to date. Management says the company will use new capital to drive growth in Uganda and Nigeria and expand transportation‑led payments and financial services for passengers, drivers and merchants. SafeBoda operates a ride-hailing platform in Uganda connecting motorcycle-taxi drivers and passengers. Founded in 2015, the company is developing its platform and plans to add fintech services for both drivers and passengers. Management says it aims to expand into additional countries and services across East and West Africa. Investors and SafeBoda describe opportunities to transform transportation, logistics and payments through partnerships. Crunchbase reports the company has raised up to $1.3 million since launch; Digest Africa reported a $1.1M January 2018 deal that the startup did not publicly disclose. SafeBoda operates a motorcycle-hailing service in Uganda that enforces rigorous safety standards for riders, including helmet use. The company is currently in a pilot phase as it tests product-market fit. Its model uses financial incentives and peer pressure—drawing on lessons from group lending—to encourage safer driving within its network. The startup is focused on proving there is a sufficiently large market for its product before scaling. The recent financing is intended to keep operations running while the team completes the pilot and validates demand. No revenue or user metrics were disclosed in the article.

Total raised

$0M

Funding rounds

3

Latest round

Convertible Note

Latest activity

Apr 2016