Google Announces Investment In Tech Startup
Google has announced its first investment from its Africa Investment Fund in SafeBoda, a tech firm that operates in Nigeria and Uganda.
It said in a statement that this investment would help the firm scale its transportation-led app.
offer new payment and financial services solutions for its expanding set of customers in the two countries.
A Co-founder, SafeBoda, Ricky Thomson, said, “SafeBoda welcomes Google to their community and are excited to continue to drive innovation in informal transportation and payments in the ‘boda boda’ (motorcycle taxi driver in East Africa) or okada (West Africa) industry.
“As a former boda driver in Kampala, we are the lifeblood of Africa’s cities and we power economic development”. SafeBoda is thrilled that leading global companies such as Google see the importance of backing startups working towards these goals.”
According to Google, the Africa Investment Fund is part of its plan to invest $1bn support digital transformation in Africa.