On-line automobile leases firm, Treepz expands into Kenya

Hires ex-Swvl chief as Nation Supervisor

Nigerian-born Treepz, a ride-hailing firm that permits customers to hire buses, SUVs and vans, has expanded into Kenya. With this growth, Treepz is now accessible in Nigeria, Ghana, Uganda and Kenya.

Based in 2019, Treepz operates a automobile rental service that connects automobile house owners with renters on its market. Treepz additionally operates a company providing for companies and colleges the place it gives commuting companies for his or her workers or college students.

Treepz says it was capable of increase $1.2 million within the final 12 months which enabled it to finance its growth into Kenya. Traders embrace GIIG Africa Fund, MoAngels, Roselake VC, Unpopular VC, Goodwater Capital and BKR Capital. In addition to observe on investments from former buyers together with ShockVentures, Winston Restricted led by the Lynch Brothers, Aston Investments and Novum Actus led by Clara Ogunsemi. 

The corporate has employed Samar Patel as its new Nation Supervisor for Treepz Kenya. Patel was Head of Transport-as-a-Service and Software program-as-a-Service at Swvl, the Dubai-based mobility firm.

“We’re thrilled by the addition of Samar to our workforce and the launch of Treepz Kenya in Nairobi right this moment,” mentioned, Onyeka Akumah, Co-Founder and CEO of Treepz. Noting that it was made doable by the assist of their present buyers regardless of an unsure enterprise funding scene in 2022.

In an e mail shared with TechCabal, Treepz’s advertising supervisor described the Kenyan growth as supported of NASDAQ-listed Swvl. 

In June final yr, Swvl suspended day by day intra-city rides in Kenya citing worsening financial situations. However it continued working Swvl Enterprise which catered to companies, organisations and personal entities. As talked about beforehand Treepz additionally has a company service that caters to organizations and companies. The press launch shared with TechCabal highlighted offers to ferry workers and/or college students of Twiga Meals, Abacus Colleges, OAK Home College, and Diamond Belief Financial institution, with 20 different offers throughout Kenya anticipated to shut within the close to future.