Treepz Ghana to pilot app-based Mass Transit in Accra.

A Ghanaian mobility start-up, Treepz Ghana, has signed a deal to pilot an app-based mass transportation solution within the Greater Accra Metropolis.

Treepz Ghana has agreed to trial an app-based mass transportation solution inside the Greater Accra Metropolis with HM Evolution Services Ltd, a renowned transport provider in Ghana. Through the Treepz Mobile app, travellers will be able to book intra-city bus journeys on HM Evolution 44-seater buses.

Upon a successful pilot, the partnership will see the onboarding of additional 44-seater buses to help ease the hassle of daily commuting.

The agreement will also strive to lessen the hardship of passengers who have to stand for long hours to queue or struggle for seats at bus stops,” Treepz Ghana said in a statement.

Passengers will be able to book their seats even before they arrive at their bus stops thanks to the Treepz smartphone app. They merely need to choose their pick-up time, as well as their pick-up and drop-off bus stops, and then wait for their bus to arrive.

The pilot will commence on the Accra to Ayi Mensah, Circle to Amasaman and Circle to Kasoa routes.

The Treepz service, which is cashless, is in line with the country’s drive for digitization, and will allow passengers to pay bus fares via mobile money and other digital channels, the company said.

Treepz Ghana Country Manager, Isidore Kportufe added that: “We are thrilled to embark on this journey with HM Evolution, and are really looking forward to welcoming other bus partners onto our Vehicle Partnership program. This highlights Treepz Ghana’s long-term commitment to leading the charge in the use of shared mobility technologies to enhance how we travel and make moving around the city more convenient. Most significantly, our bus partners can expect consistent revenue and development in their businesses.

At this critical moment when everyone is concerned about the traffic issue, we believe this step may play a vital part in unlocking the prospect of pleasant, predictable, and safe mass transit throughout the city,” he said.

This would alleviate congestion and provide drivers the option to park and ride, ultimately reducing the number of automobiles on the road, which contributes to the heavy traffic on key roads.

HM Evolution Services Managing Director Adri Hopson said: “We are confident that with further engagement with all stakeholders in the transport sector, we can modernize the industry and remove all bottlenecks within the sector. Although we have been in the transportation business for some years, we are very optimistic about this opportunity to introduce technology through our partnership with Treepz Ghana. Our buses are neat, air-conditioned and very comfortable and will provide a great in-ride experience to all passengers”.

About Treepz Ghana

Treepz Ghana is a technology company that operates within the transportation space, with operations in Ghana and Nigeria. The company’s mobile app available on Android and iOS enables commuters and companies in Accra and Lagos to book comfortable AC buses for their morning, afternoon, and evening rides on fixed routes.

Credit: Starr FM / Ghana


Nigeria’s Plentywaka Raises $1.2 million and acquires Ghana’s Stabus.

Nigerian mobility startup, Plentywaka has raised $1.2 million in seed funding after successfully completing the Techstars Toronto Accelerator Program in July 2021. Stabus, a Ghanaian mobility startup, was also fully acquired by the startup. Isidore Kpotufe founded PlentyWaka in 2019 as a bus-hailing solution that allows commuters to book and pay for trips in real-time.


Moove Raises $23 Million in Series A Funding to Democratize Vehicle Ownership in Africa

African mobility fintech startup, Moove to provide revenue-based vehicle financing, empowering individuals across Africa to own their own vehicle.

Moove, an African mobility fintech, today announced that it has raised $23 million in Series A funding. The round was led by Speedinvest and Left Lane Capital, with participation from DCM, Clocktower Technology Ventures,, LocalGlobe, Tekton, FJ Labs, Palm Drive Capital, Roka Works, KAAF Investments, Spartech Ventures, Class 5 Global, and Victoria van Lennep, co-founder of Lendable. Africa specialist, Verod Kepple Africa Ventures, and one of Moove’s existing lenders, Emso Asset Management, also joined the round.

This brings Moove’s total funding to $68.2 million, including $28.2M in equity and $40.0M in debt. Moove is the first investment in Africa for many of its U.S. VC backers, underscoring the opportunity for a platform like Moove to address the continent’s vehicle financing gap.

Operating on a continent with more than a billion people who have limited or no access to vehicle financing – and the lowest per capita vehicle ownership in the world – Moove will use the funding round to build a full-service mobility fintech that democratizes vehicle ownership across Africa. The market opportunity is vast – Africa is home to 1.3 billion people, with 43 per cent in urban areas and growing, and in 2019 had fewer than 900,000 total new vehicle sales compared to 17 million in the U.S.

Moove embeds its alternative credit-scoring technology onto ride-hailing and e-logistics platforms, which allows access to proprietary performance and revenue analytics of mobility entrepreneurs to underwrite loans. Moove’s model is to provide loans to its customers by selling them new vehicles and financing up to 95 per cent of the purchase within five days of sign up. Moove customers can choose to pay back their loans over 24, 36, or 48 months, using a percentage of their weekly revenue. All Moove customers sign up to the Moove app to manage all transactions and access other financial products on the platform.

Co-founders Ladi Delano and Jide Odunsi are British-born Nigerians, educated at the London School of Economics, Oxford University and MIT, who have successfully built three other businesses in Africa over the last eight years through their venture studio, Grace Lake Partners. Ladi is a serial entrepreneur and Jide is a former investment banker at Goldman Sachs and former management consultant at McKinsey. Driven by a common passion to create shared value leveraging their extensive operating experience on the continent, they set out to build Moove to provide Africans with a path to new vehicle ownership while creating new jobs.

In a continent full of opportunity, mobility is key to moving economies forward and this funding contributes to our ability to provide revenue-based financing, as Moove empowers Africans to safely become mobility entrepreneurs,” said Ladi Delano, co-founder of Moove.

We help people buy new cars who otherwise couldn’t afford them. And then, using the vehicle as a mobility entrepreneur, they’re able to earn money, which allows them to pay off the vehicle over time.

Moove is Uber’s exclusive vehicle financing and vehicle supply partner in sub-Saharan Africa, with Moove-financed cars having completed more than 850,000 Uber trips covering over 13 million kilometres across the continent to date.

The start-up was initially bootstrapped by its co-founders with seed-stage funding from Future Africa, an Africa focused fund led by Iyin Aboyeji, who was a founder at Andela and Flutterwave. The new Series A funding will allow Moove to grow and expand into new markets as well as develop and launch new products and services. The equity raise follows a year of momentum and success for Moove with the launch of three cities and 60% month-on-month growth so far.

With Ladi and Jide at the helm of a world-class team, and their unique approach to vehicle financing, Moove has quickly established itself as one of the most exciting tech companies in Africa,” said Stefan Klestil, General Partner at Speedinvest.

The company’s expansion to three cities in under 12 months demonstrates the huge demand for vehicle financing in Africa, where just five per cent of new cars are purchased with financing, compared to 92 per cent in Europe.

Moove’s technology is fundamentally changing access to mobility and empowering thousands to earn a new source of income,” said Dan Ahrens, Managing Partner at Left Lane Capital. “As we look ahead, the potential for that technology and the Moove team to expand even further is very exciting. They have the opportunity to become a full-service mobility fintech and expand their offerings to insurance and other financial services.

Moove is a mission-led company that’s committed to giving 100 per cent of mobility entrepreneurs access to affordable credit and ensuring that 50 per cent of its customers are women. It also aims to ensure that at least 60 per cent of the vehicles it finances are electric or hybrid vehicles as part of its commitment to improving road safety and vehicle emissions on Africa’s roads.

To learn more about Moove and its mission to democratize vehicle ownership across Africa, visit: