Untapped Global

Meet John Galaba, a farmer and Simusolar Tanzania partner, empowered by solar energy. Before purchasing a solar pump, John's farming output relied on petrol-powered irrigation systems. This proved increasingly unreliable due to the rising cost and inconsistent availability of fuel, and unpredictable rain seasons. Simusolar provides sustainable, affordable, and reliable solar-powered irrigation pumps for climate-smart smallholder farming. The company has served over 1,500 families in Tanzania alone. Farmers like John using Simusolar's solar-powered irrigation systems spend on average 42% less than they did on petrol-powered systems, and 72% report increased incomes due to higher yields and lower operational costs. Read more about our investment in SimuSolar here:? https://lnkd.in/dtF__wra Jim Chu David Kleiterp Lundie Strom Michael Kuntz, CFA Furaha Urassa Lucas Budler

Check out how Feenix is supporting two mobility entrepreneurs by unlocking access to car ownership in Ghana! Many gig workers and ride-hailing drivers across Africa lack access to traditional financing tools and don't own the cars they drive, limiting their daily revenues. Feenix has built a tech-enabled platform that is democratizing vehicle ownership for mobility entrepreneurs in Ghana. The Feenix platform includes a ride-hailing service that enables gig economy drivers to pay off their vehicles as they earn, ensuring that their profits remain their own. Untapped invested in Feenix to help the company scale their drive-to-own fleet and continue to provide affordable and accessible vehicle ownership in West Africa. Read more about Why We Invested in Feenix here: https://lnkd.in/d7gk7N-r Jim Chu David Kleiterp Wangu Nyawira K. Hosea Ojuang Sharon M. Albright Akinyi Mark Ochieng' Clay Crosby Christian Miccio Lucas Budler Prince Adjapong Sally (Asante) Adjapong #Mobility #FinTech #SmartAssetFinancing

We are proudly announcing our investment in Fleetsimplify , the platform revolutionizing vehicle monetization in the ride-hailing market in Kenya. Fleetsimplify connects vehicle owners with gig drivers for ride-sharing. Through their own innovative tech, FleetSimplify facilitates vehicle rentals, enables digital transactions, optimizes asset usage, and provides data-driven management services. The company also built a unique ‘Drive-to-Own’ program, unlocking car ownership for mobility entrepreneurs in Kenya. Leveraging their advanced driver data, FleetSimplify is breaking the barrier of vehicle ownership for gig drivers in the mobility ecosystem. Our partnership enables Fleetsimplify to expand its fleet, onboard more drivers into the Drive-to-Own program, and further democratize vehicle ownership. Read the full article here: https://lnkd.in/dFrZRZmS #Mobility #FinTech #SmartAssetFinancing #Kenya Jim Chu David Kleiterp Wangu Nyawira K. Mark Ochieng' Christian Miccio Clay Crosby Sharon M. Hosea Ojuang Albright Akinyi Lucas Budler Balqis Chepkwony Salim Omar

Untapped Global has been featured as one the fintech leaders targeting the $4.9 Trillion credit gap for global SMEs through innovative, alternative financing models. SMEs are the backbone of emerging economies. African SME’s alone contribute to 80% of total employment, yet more than 50% lack access to financing. Innovative fintechs offer a solution to this credit gap by building new financing models that target underserved SMEs in more accessible and scalable ways. Untapped Global is building a digital underwriting platform to finance innovative fintech lenders through real-time data, offering quicker and more responsive financing than traditional lenders, and unprecedented transparency for global investors. Using operational data from the assets we finance, Untapped is able to deploy capital more effectively to help SMEs grow. Interested in learning more? Please get in touch! Thanks to CGAP, David Kruijff Stephen Deng, Alexander G. Sotiriou, Briter and team for the expert insights. Check out the full report here: https://lnkd.in/dGJzEsVU

Introducing our portfolio company Gigmile - a Ghanaian startup breaking down financial barriers for gig and informal mobility entrepreneurs. Gigmile has built an innovative online lending platform that provides mobility workers with access to essential vehicle assets, affordable financing offerings, and training tools to actively participate in the gig economy. By empowering drivers like Emmanuel Atanley and Aisha Ismail, Gigmile helps workers achieve financial stability, improve their livelihoods, and positively impact their communities. Untapped is proud to support Gigmile as they revolutionize the digital mobility economy in Ghana and Nigeria. #Ghana #Nigeria #Mobility #SmartAssetFinancing Jim Chu David Kleiterp Sam Esiri Kelvin Attoh

Check out our portfolio company Anda in action! Anda is formalizing the motorcycle taxi industry in Angola from the ground up. The company offers asset financing to motorcycle taxi drivers across Angola, along with parallel training services and professional driver certifications to help formalize the sprouting industry. Anda’s innovative ride-to-own solution gives previously unbanked riders access to revenue-generating motorcycles in a safer, more accessible and reliable way. Read more about why we invested in Anda: https://lnkd.in/dieZnbv9 #Angola #Mobility #SmartAssetFinancing

Untapped is thrilled to announce our investment in Anda, signifying our reach into a new market in Africa - Angola! Described as “Human Mobility”, Anda is Angola's leading mobility technology platform offering asset financing, ride hailing, and delivery services. Anda serves the underserved by tackling the credit gap with financial products tailored to income-generating motorcycles. Anda is formalizing the motorcycle taxi industry in Angola from the ground up by providing accessible, convenient, and safe mobility services at the touch of a button, along with professional training services for drivers. “Anda’s innovative approach to motorcycle financing and their robust digital infrastructure perfectly aligns with Untapped Global’s data-driven, Smart Asset Financing model. By driving financial inclusion through tailored, tech-enabled financing products, Anda is formalizing how mobility is done in Angola.” - David Kleiterp, Co-Head of Investments at Untapped Global. Read more about our investment in Anda: https://lnkd.in/dieZnbv9 David Kleiterp Jim Chu Lundie Strom Sergio Tati Nührmann Joerg Nuehrmann #Angola #Mobility #SmartAssetFinancing

Meet OX Delivers, an e-mobility start-up that has created the first purpose-built electric truck for the Global South. Africa has long been reliant on imported end-of-life trucks from other markets. These are notoriously unreliable, expensive to maintain, and don't usually perform well on rough terrain. The alternatives – bicycles, motorbikes, animals, or even people – can't move enough goods or move them fast enough to make for a prosperous business. The result is low incomes, inefficient value chains, and food waste. The simple, durable OX truck was created to overcome these challenges. OX employs a fully integrated model, renting space in their trucks to small business owners who cannot afford the upfront costs of purchasing their own vehicles. Offering delivery as-a-service, OX enables businesses of all sizes to prosper, while cutting down on carbon emissions. Check out how Ox Delivers is transforming the way goods are moved across Africa! https://lnkd.in/dkf3uJqj Jim Chu David Kleiterp Lundie Strom Simon Davis ??????

“Beyond Equality - Investing in the Women Driving Africa’s Economic Growth.” Investing in Africa's women entrepreneurs isn't just a social project; it's a smart business move. Despite facing significant barriers, women entrepreneurs in Africa are driving economic growth. Yet, they often lack access to the right kind of funding. Leveraging new technology and data, we can unlock more investment opportunities and empower women to build thriving businesses. Read more about how data is revolutionizing how we reach overlooked opportunities. https://lnkd.in/d-cU9i8s

We’re thrilled to announce our partnership with the Moroccan-based e-mobility startup, POGO. POGO offers citizens seamless digital access to self-service electric vehicles for short-term rental. The company reduces dependence on personal cars for short-distance transportation in Morocco, limiting harmful emissions and providing intelligent e-mobility that is within everyone’s reach. ?? POGO’s Impact: In just eight months after operation, POGO decreased CO2 emissions by over 20 tonnes, underscoring its commitment to fostering sustainable, safe, and resilient urban environments. POGO’s pay-as-you-go model provides an affordable solution for accessing electric vehicles, enabling Moroccans to meet their mobility needs without the financial burden of vehicle ownership and maintenance. "POGO's digital innovation is transforming Morocco's urban mobility landscape by offering accessible electric vehicle solutions that cut emissions and contribute to a cleaner future. We're excited to see the growth of this partnership." - David Kleiterp https://lnkd.in/ed2kCFpr Jim Chu David Kleiterp Lundie Strom Lucas Budler Brahim El Bekkali Mohammed Soughi