Daba Finance
1000 Brickell Ave Ste 715, Miami, FL, 33131, United States
Overview
Provider of a fintech platform intended to access investment analysis and build wealth by investing in the African private and public capital markets. The company's platform offers an application for investing and trading the best African startups, stocks, and digital assets at once, enabling users to get all the latest news and curated updates in one place to maximize their investments.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Financial Services
- FinTech
Investment portfolio
- Buupass
Participated · Seed · Feb 2023
BuuPass operates a B2B2C full‑stack marketplace that connects transport companies with online ticketing platforms to digitize long‑distance transport in Africa. The company is focused on capturing a share of the estimated $100 billion long‑distance transport market and aims to scale toward unicorn status. BuuPass has sold over 16 million travel tickets and generated more than $100 million in GMV, with a presence across East and Southern Africa and routes in over 15 countries. The business plans to use outside investment to expand its reach and enhance its technology and product offering. The recent backing from Tim Draper is expected to provide strategic guidance and access to a global network to accelerate growth. BuuPass is headquartered in Nairobi. BuuPass is a B2B2C full‑stack marketplace that provides a bus management system (BMS) to digitize operators’ inventory, sales and operations while connecting them to a consumer-facing booking marketplace across web, app and USSD. Its BMS includes a point-of-sale solution and a parcel management module to help operators reduce cash leakages, manage fleets and draw operational insights. The platform also supports flight and train ticketing and has a partnership history with Safaricom to facilitate Kenya Railways bookings. BuuPass processes about 12,000 transactions per day, has recorded over 9 million ticket sales to date, and reported gross merchandise value slightly over $30 million in 2022. It supports a fleet of roughly 1,200 vehicles from more than 25 bus companies, including Easy Coach. The company plans to scale first in Kenya and Uganda and ultimately become a pan‑African infrastructure provider for long‑distance transportation.
Team
No current team members are available.