Digital Barker
  • Home
  • Startups
    • News
    • Opportunities
  • Tech
    • Tech Support
  • Videos
No Result
View All Result
Digital Barker
  • Home
  • Startups
    • News
    • Opportunities
  • Tech
    • Tech Support
  • Videos
No Result
View All Result
Digital Barker

Max.ng secures $7m funding

Tolu by Tolu
June 23, 2019
0

Nigerian motorcycle taxi firm max.ng, is planning to launch in Ghana and Ivory Coast this year, as well as a fourth Nigerian city, the startup told Reuters.

According to its co-founder Adetayo Bamiduro, Max.ng’s expansion would be funded by a recent investment round that raised up to $7 million.

The startup is also aiming at an accumulated total of 2 million rides by the middle of 2020, up from 200,000 by May.

How to use chatGPT to make money

ADVERTISEMENT

Max.ng’s early days were its debut as a Lagos motorbike delivery service in 2015. In 2017, it introduced an app for ride-hailing in addition to provision of credit facilities for would-be drivers to lease new bikes and pay for them over time.

“What we’ve done is to look at the market in Nigeria and across the region and say ‘what pieces are missing?’: financial infrastructure for mobility doesn’t exist, ride-hailing technology for two-wheeled and three-wheeled mobility doesn’t exist,” Bamiduro told Reuters.

ShareTweetPin

More Stories

African Health Tech Funding Soars By 5400% in Q2 Despite Global Downturn.
Health tech

African Health Tech Funding Soars By 5400% in Q2 Despite Global Downturn.

1 day ago
Payaza Raises ₦14.9 Billion Through Commercial Paper to Strengthen Financial Discipline
Startup

Payaza Raises ₦14.9 Billion Through Commercial Paper to Strengthen Financial Discipline

2 weeks ago
Buhari Dies at 82 in London, Leaves Complex Legacy of Reform and Repression
News

Buhari Dies at 82 in London, Leaves Complex Legacy of Reform and Repression

2 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.

Trending Stories

PalmPay Partners with Jumia to Revolutionize Online Shopping Payments in Nigeria.

PremiumTrust Staff Reject ₦10.7M to Safeguard Bank’s IP Data

Flutterwave Expands to Zambia with New Payment Licence

Airtel, MTN Under Investigation for Hidden Mobile Money Charges

Accrue Raises $1.58M to Scale Cross-Border Payments Across Africa

TikTok Faces Ban in the U.S.: What Happened?

Meta Replaces Fact-Checking with Community Notes: Implications for Africa’s Misinformation Battle

New Telecom Tariffs in Nigeria: NCC to Announce Adjustments Amid Rising Costs

AI World Models: The Future of Generative Video, Robotics, and Intelligent Decision-Making

Kuda Relaunches Remittance Service After $9.3 Billion Q1 Milestone

  • About
  • Advertise
  • Privacy Policy
  • Contact
  • Jobs

© 2025 Digital Barker

No Result
View All Result
  • Home
  • Startups
    • News
    • Opportunities
  • Tech
    • Tech Support
  • Videos

© 2025 Digital Barker