The new funds injection will go into expanding its 50-man team, boosting its technology and exploring new markets like Ghana and Egypt.
Since January 2020 when SafeBoda started operations in Nigeria, it has made with over 3 million rides made by over 10,000 riders and over 100,000 passengers.
Oluwagbenga Osowe has a storied career and has worked at top Nigerian tech companies like Andela, Opay, and Safeboda.
SafeBoda has paused operations in Nairobi, Kenya, effective from November 27, 2020. But is COVID-19 solely responsible for Safeboda pausing operations in Kenya as the company claims? What does SafeBoda's operational moratorium mean for bike-hailing startups in Africa?