| Founded | 2012 |
|---|---|
| Closed | 2023 |
| Country | Uganda |
| Sector | Fintech |
| Collapse type | Slow Death |
Tugende
"Uganda motorcycle-taxi asset financing startup backed by IFC that raised $18M to help boda-boda drivers own their bikes through lease-to-own before defaults and COVID destroyed the model."
Years-long decline before final shutdown
Key Events Timeline
Tugende provided lease-to-own motorcycle financing to boda-boda (motorcycle taxi) drivers in Uganda and Kenya, backed by IFC, GSMA Ecosystem Accelerator, and impact investors with $18M raised.
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