By Miguel Heilbron on December 10, 2013
Congratulations to Tugende, securing US$300,000 from investors! After this milestone they’re moving on to raise their next fundraising round. Tugende is a for-profit social enterprise based in Uganda that invests in responsible motorcycle taxi ‘boda boda’ drivers. Tugende helps them own, rather than rent, the key tool with which they make money: their bike. We had a chance to catch up with Tugende’s co-founder and CEO Michael Wilkerson. Also see some comments from one of their investors, Aaron Pattillo, below. Accredited investors should register on VC4Africa to get access to private documents and full details at Tugende’s venture profile.
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Michael Wilkerson, Tugende: “We discovered that in Kampala’s motorcycle taxi industry, most “boda boda” drivers were renting [...] Continue reading Uganda Boda Boda finance company Tugende secures US$300,000 and moves to next round! »