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Empowering Africa's Gig Workers

Gigmile is a startup that aims to help mobility-based gig workers in Africa succeed by providing them access to transport equipment, smartphones, skills training, vehicle and phone financing, fuel and wage advances, and vehicle and phone repair. The company uses a proprietary credit scoring algorithm to evaluate previously unbanked individuals and provide microcredit loans. Gigmile has already piloted programs with over 200 motorcycles and smartphones across Ghana and Nigeria, doubling drivers' average earnings and achieving a 98% asset loan repayment rate. The company is now seeking $1.2 million in seed funding to expand its integrated ecosystem and enable its mission of supporting thousands more mobility entrepreneurs across the continent.

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Francisco Serra-Martins
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401 views13 pages

Empowering Africa's Gig Workers

Gigmile is a startup that aims to help mobility-based gig workers in Africa succeed by providing them access to transport equipment, smartphones, skills training, vehicle and phone financing, fuel and wage advances, and vehicle and phone repair. The company uses a proprietary credit scoring algorithm to evaluate previously unbanked individuals and provide microcredit loans. Gigmile has already piloted programs with over 200 motorcycles and smartphones across Ghana and Nigeria, doubling drivers' average earnings and achieving a 98% asset loan repayment rate. The company is now seeking $1.2 million in seed funding to expand its integrated ecosystem and enable its mission of supporting thousands more mobility entrepreneurs across the continent.

Uploaded by

Francisco Serra-Martins
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Helping Mobility-

Based Gig
Workers in Africa
Succeed!
Africa’s Gig Economy is Being Held
Back

High Driver Low Supply


Demand But not enough workers
are engaging with gig
A growing middle class is apps.
demanding convenience.
2
But Not for a Lack of Potential

Just needs access to:

Transport Equipment

Smartphones

280M+ Skills Training

Unemployed or
vulnerably employed
African youth – ideal for
gig work

3
Gigmile Opens the Door to Mobility
Entrepreneurship

Vehicle & Phone


Financing

Fuel & Wage


Advances

Vehicle & Phone


Repair

Gig Access &


Training

4
Gigmile in
Action

Before Gigmile
Sam’s Earnings
Renting a motorcycle
27 Years Old | Ghanian
with no p athway to
ownership.

After
Gigmile
Enrolled in our Lease to
Own program and has since
seen income more than
double.

5
An End- to- End
Experience
Gigmile uses a proprietary credit scoring algorithm to
evaluate previously unbanked individuals. We then take loan
payments from work earnings before disbursing funds to end
users.

TODAY:

Asset

Financing

Micro Credit

Manage
Repayments

6
$22B
+
Market Size
50M Mobility Workers x $350 Avg
ARR

Asset Financing Micro Credits Platform Fees


Fuel Loan, maintenance loan Fees earned from both riders
Interest up to 4% per
and personal loan up to 7% per and digita l platforms up to 5%
month
month

7
The Journey So Far

200+ 25%
Motorcycles & MoM Revenue
Smartphones Piloted Growth

2.5x 98% 9
Average Driver Asset Loan
Earnings Repayment
Increase Ra te

2 3k+
Countries – Driver Waitlist
Ghana & Nigeria

PARTNER
PLATFORMS
8
Wher e We’re Going
C

Launch EV Pilot in Rwanda


Launch Fully Featured Gigmile App
Raise Seed Round
Key Hires (Biz Dev, CFO, Operations)
2,500+ Mobility Entrepreneurs

Scale into 5+
Partner Scale Up (FMCG, Long- Haul Countries
Logistics) 10X Assets Under
Personal Finance Service Expansion Management
Launch Gig Work Aggrega tor
Platform

9
Why We Win

Community
Approach

Integrated

Ecosyste
m

COMPETITIO
Driver N
Academy

Sector Traditional services are not well


Expertis equipped and emerging
e competitors are one- off solutions

1
0
The Right Team to Succeed Charles
Niehau
s

Shola
Akinlad
e9

Kayode Adeyinka Samuel Esiri Aaron San- Yuo


Co- Founder & CEO Co- Founder & CTO
Akintund
COO e Agbeja
Previously: Previously: Previously:
Country Manager Jumia Ghana Country Manager Jumia Services – Software Engineer Andela –
– 10+ years experience in 7+ years experience in last mile 5+
growth & strategy logistics and business operations years experience in software
engineering and product
management

ADVISOR
S
11
Seeking $1.2m to Enable Our Mission

New Hires,
Office, and
Other
Asset
30%
Purchasing
(Equity +Deb t)
40%

Product Dev &


CURRENT Licensing
BACKERS 30%

12
Thank You
Kayode Adeyinka,
CEO
kayode@[Link]

13

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