Kenyan Mobility Innovator BuuPass Secures Investment from Yango Ventures’ $20M Africa Fund
Kenya’s homegrown mobility platform, BuuPass, has successfully closed an undisclosed funding round from Yango Ventures, the dedicated early-stage fund of Yango Group. This investment marks a significant milestone as it is one of the first investments from Yango Ventures’ new $20 million fund, specifically earmarked for promising startups across Sub-Saharan Africa. The funding underscores a growing global investor confidence in the vibrant and rapidly evolving African tech ecosystem, positioning BuuPass for substantial growth and enhanced service delivery in the region’s intercity transport sector.
Empowering Africa’s Intercity Transport: BuuPass’s Journey and Yango’s Strategic Entry
Founded in 2016 by Sonia Kabra and Wyclife Omondi, BuuPass has been instrumental in digitizing Africa’s intercity transport sector. Its platform enables users to easily book buses, trains, flights, and parcel deliveries. Crucially, it also provides transport operators with essential digital tools for managing inventory, payments, and fleet operations. This strategic investment from Yango Ventures, which represents its calculated first step into Africa’s growing innovation frontier, underscores a broader trend of global investors engaging with the continent. Daniil Shuleyko, CEO of Yango Group, emphasized their mission: “We are more than just a tech company; we are an ecosystem committed to empowering entrepreneurs worldwide. Through Yango Ventures, we’re sharing our expertise and network to help startups scale, thrive, and drive meaningful change in their communities.” This commitment from Yango extends beyond financial injection, focusing on leveraging their global expertise to foster African innovation. With the new funding, BuuPass is poised to realize its ambition of becoming Africa’s unified API for mobility.
The successful funding round for BuuPass by Yango Ventures is a powerful testament to the burgeoning potential of African tech startups. It provides BuuPass with resources to expand its pioneering work in digitizing intercity travel and firmly establishes Yango Ventures as a key player in fostering Sub-Saharan African innovation. This collaboration is poised to revolutionize how millions travel and conduct business, contributing significantly to the continent’s digital transformation and economic empowerment.
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