Renew Capital, an impact investment firm focused on developing small and medium-sized enterprises (SMEs) in Africa via its network of investors, the Renew Capital Angels, has made a new investment in Easy Matatu, a Ugandan minibus ridesharing service. The funding will be used to expand Easy Matatu’s end-to-end technological platform, which allows customers to reserve a seat on a clean, recently refurbished matatu via a smartphone app.
Easy Matatu is a technology platform that connects commuters to transportation that is safe, dependable, and environmentally friendly. It provides customers with a smartphone application that allows them to schedule rides and select pickup spots that are geographically close to them. Easy Matatu will be able to expand its fleet of cars as it plans to expand its platform to more African cities to increase access to clean, safe, and dependable transportation.