Our Vision: To facilitate the deployment of $100B in transformational working capital to help close the African MSME Funding Gap

“This partnership is a critical step in our broader strategy of adding value to our ecosystem, and it’s part of a suite of creative solutions that will free up liquidity and give our 40K+ driver community access to reasonable operating capital. Similarly, we can use this to provide even better trading terms and more value to the ecosystem, potentially boosting the customer base, customer lifetime value, and order value. I am certain that low cost and unrivaled access to this burgeoning asset class will fuel our long-term expansion and solidify our position as the market leader in B2B transportation.”

"Delivering digitally enabled, accessible, and affordable financing solutions is core to our mission: help merchants grow in the digital economy. We’re thrilled to be at the forefront of leveraging the transformative power of DeFi to fuel this growth, starting with our network of 150K+ merchants and scaling to empower the 100M+ merchants across Sub-Saharan Africa. In joining forces, the Alliance is demonstrating how DeFi will spur economic development and improve livelihoods by unlocking and deploying fit-for-purpose capital, contributing to closing the $330B+ financing gap for SMEs in Africa.”

“Low cost, rapidly accessible working capital is the biggest single success factor to growth on the African Continent.” Ukraine and Russia will still today get lower priced credit than the cost of credit to an average African Business which is totally unreasonable as the risk-based pricing models for Africa are based on outdated beliefs and profit transfer models and don’t work for today’s rapidly evolving business landscape – businesses are getting smarter faster. This relationship with the Africa DeFi Alliance is one we are looking forward to as tapping into the pool of USD$20 billion that is looking for better than US Treasury returns, will make our ability to grow with fairly priced loans limitless. I am really keen on taking this forward with urgency.”