Tugende
Latest round
- Series A
Last raised
- Mar 2021
Total raised
- $9.9M
Investors
- 6
About Tugende
Founded in 2012 and based in Kampala, Uganda, Tugende LTD operates a platform that enables motorcycle taxi drivers to own income-generating assets by a lease-to-own or hire-purchase package. Tugende LTD has more than 520 employees, with 20 branches in Uganda and Kenya. Michael Wilkerson is the CEO and founder of the company. The company's product is composed of a technology-enabled asset finance solution that offers business assets that includes Bodas, Special Hire Taxis, Matatus, and boat engines. It also offers extra benefits such as smartphones, salon equipment, shop fridges, and sewing machines. The company's solution allows clients to own specific business assets at 18 months time frame to ensure an increase in income and job security. The company's revenue is generated by offering its product and online solutions to motorcycle taxi drivers.
Who invested in Tugende
6 investors across 2 rounds
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Questions about Tugende
Who invested in Tugende?
Tugende has 6 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Tugende raised?
Tugende has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Tugende last raise money?
Tugende's most recent round on record is a Series A, in Mar 2021.
What does Tugende do?
Founded in 2012 and based in Kampala, Uganda, Tugende LTD operates a platform that enables motorcycle taxi drivers to own income-generating assets by a lease-to-own or hire-purchase package.
Where is Tugende headquartered?
Tugende is headquartered in Kampala, Uganda.
Which VCs invest in companies like Tugende?
Among active investors with capital left to deploy, Al Mada Innovation, DisrupTech Ventures, AXIAN Investment and Chui Ventures back financial services companies at Tugende's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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