Gigmile, a leading African mobility financing platform, has announced the successful closure of its seed funding round alongside the release of its 2025 Impact Report. This dual announcement highlights the company's rapid growth and significant social contributions across Nigeria and Ghana. Founded in 2022, the startup provides gig economy workers with accessible pathways to vehicle ownership.
A New Model for Mobility Financing
Across Africa, millions of gig workers in logistics and ride-hailing are often excluded from traditional financial services due to a lack of formal credit histories. This systemic barrier prevents them from acquiring the vehicles needed to secure a stable income. Gigmile directly addresses this challenge with its innovative platform, creating a vital bridge for this underserved workforce.
The company's flagship product, Gamma Mobility, offers a seamless lease-to-own model for motorcycles, tricycles, and cars. To ensure affordability, daily repayments are capped at one-third of a worker's anticipated earnings. Each lease is a comprehensive package that includes vehicle insurance, maintenance, and all necessary regulatory documentation.
Demonstrating Scalable Impact
The newly released 2025 Impact Report quantifies the platform's profound effect on local economies. To date, Gigmile has deployed over 10,000 vehicles, enabling more than 15,000 gig workers to access consistent employment. This has translated into over $2 million in monthly earnings for riders using the platform.
The report also highlights a significant milestone in wealth creation, with 1,500 workers having already become outright vehicle owners. The model's sustainability is underscored by impressive metrics, including a 94% repayment rate and 95% vehicle utilization. These figures validate a capital-efficient approach that balances profitability with measurable social progress.
Strategic Growth and Partnerships
This impressive growth is now bolstered by a recently closed seed funding round, led by a follow-on investment from ENZA Capital. The round also drew participation from Seedstars International Ventures and Norrsken Africa Fund. This new capital brings Gigmile’s total raised funds to a combined $21 million in debt and equity.
The company’s ability to scale is also credited to its strategic alliances with four leading vehicle manufacturers: Yamaha, TVS, Bajaj, and Hero. These partnerships ensure a steady supply of durable vehicles suited for the demands of African roads. This robust supply chain underpins Gigmile's operations, which currently span 13 cities across Nigeria and Ghana.
Charting the Course for Future Expansion
Looking ahead, Gigmile is poised for another phase of aggressive expansion, with plans to launch in over 15 new cities within the next year. Co-founder and CEO Kayode Adeyinka stated the funding will help serve more riders and execute the company's clean mobility roadmap. This growth will be powered by its increasingly sophisticated leasing automation engine.
The company is also diversifying its product offerings beyond gig worker financing to tap into new markets. Upcoming verticals include personal mobility leasing for salaried professionals, embedded finance solutions, and a strategic push towards electric and CNG vehicles. This aligns with an ambitious target of financing over $100 million in assets by 2027.
Gigmile has firmly established itself as a pivotal force in Africa's fintech and mobility sectors, proving that social impact and commercial success can be mutually reinforcing. By unlocking economic opportunity for thousands, the company is building a scalable model for financial inclusion. As it prepares for Series A talks in 2026, Gigmile is well-positioned to redefine asset ownership across the continent.
Source: Techpoint Africa