Nigerian Mobility Startup Treepz Secures Additional $1.2M to Expand Further into East Africa
Feb 15, 2023
Enrich Africa
3 minute(s) Read
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Nigerian-based mobility startup Treepz is set to launch operations in the East African tech giant nation, Kenya, following its $1.2 million fundraising over the last 12 months. 


Treepz was founded in 2019 as Plentywaka before it rebranded into Treepz in September 2021. The startup operates a digital platform where passengers can book daily rides along fixed routes across Nigerian cities while serving as an aggregator for bus travel companies in Nigeria. With Treepz, transport operators are able to replace their manual servicing and ticketing with digitalized offerings and services.


According to the startup, the funding will be used to facilitate its expansion plans into East Africa with a launch in Kenya after a year of launching and operating in Uganda and Ghana. This update was made possible by investments made by GIIG Africa Fund along with MoAngels, Roselake VC, Unpopular VC, Goodwater Capital and BKR Capital. There were also follow-on investments from current investors including ShockVentures, Winston Limited, Aston Investments and Novum Actus.


“This was made possible with the support we received from our current investors amid a turbulent 2022. After winning the GSA African Award in Cape Town last year, we received funding from its funding arm GIIG Africa Fund, and that was also very timely for us,” said Onyeka Akumah, co-founder and CEO of Treepz. 


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“Today, our efforts are focused on building a centralised solution across the four countries we operate in and to provide Africans with excellent mobility services, for their personal and business needs. We hope this will be the experience Kenyans will enjoy with our service and remember, as we build a world-class mobility business for Africans and the rest of the world.”


Jo Griffiths, co-founder of GIIG Africa, explained that transnational developments such as the African Continental Free Trade Area (AfCFTA) made investments in mobility ventures like Treepz more attractive. 


“These policies will result in a significant increase in the movement of people, goods and services, and as such, there’s going to be an even greater demand in the coming years for mobility solutions built for the African context. As investors, we’re excited to be working with the team behind Treepz because we see mobility tech as a key enabling factor for Africa’s socioeconomic growth. For now, we look forward to supporting their efforts aimed at empowering Kenyan commuters,” she said.


Feb 15, 2023
Enrich Africa
3 minute(s) Read
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