Gigmile is a mobility platform that offers lease‑to‑own and subscription options for motorcycles and tricycles, enabling gig workers in Africa to access vehicles with daily or weekly repayments and start earning immediately. The service bundles insurance, telematics, maintenance, and embedded micro‑credit, providing ongoing operational support and a pathway to full vehicle ownership.
Funding
$370K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
UGFounders
Product
Problem
Gig workers in Africa often cannot afford the upfront cost of vehicles needed for ride‑hailing or delivery, and traditional lenders view them as high‑risk, limiting access to financing, insurance, and maintenance services.
Solution
Gigmile provides a mobility platform that offers lease‑to‑own and subscription options for motorcycles and tricycles, allowing gig workers to start earning immediately while repaying in daily or weekly installments. The platform bundles insurance, telematics, and maintenance support to keep vehicles operational and protect drivers’ income. As users grow their earnings, Gigmile also supplies micro‑credit and other embedded financial services, enabling a pathway from vehicle use to full ownership and broader financial inclusion.
Target Audience
Primary customers are individual gig workers, ride‑hailing drivers, and small fleet operators in African markets who need affordable vehicle access and ongoing operational support.
Features
- Lease‑to‑own contracts with structured daily and weekly repayment schedules
- Vehicle subscription model for immediate access without large upfront capital
- Integrated insurance coverage and telematics for real‑time monitoring and risk mitigation
- Maintenance and after‑sales support to reduce downtime and preserve earnings
- Embedded micro‑credit and additional financial services that scale with driver revenue
- Platform tailored to motorcycles and tricycles, the primary assets for African gig economies