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Asaak raises $30m in pre-Series A funding

Uganda based asset financing startup raised $30m in pre-Series A funding from investors including Resolute Ventures, Social Capital, HOF Capital, Founders Factory Africa, End Poverty Make Trillions and Decentralized VC. 

“Asaak is unlocking mobility-based work, which literally moves the economy forward and creates upward mobility for these individuals. Bodaboda riders are the lifeblood of Africa, moving people and cargo from home to school to work. They just need access to motorcycles which leads them to better income opportunities and makes them able to provide for their families,” Asaak co-founder and chief business officer Dylan Terrill told TechCrunch.

Tags

africa, emerging markets