Motor Africa and OnePipe debut a lending-as-a-service (LaaS) infrastructure that poses a financially inclusive initiative for mobility entrepreneurs. The collaboration between the start-up companies credits its customers, entrepreneurs, and other mobility service providers with access to optimal working capital to alter their mobility services
The LaaS solutions by the start-up companies also serve as payment Infrastructure distributing credit across the Nigerian mobility landscape with overdrafts to finance car repairs, purchase genuine spare parts, vehicle and personal insurance, and smartphones for consolation.
OnePipe is keen on penetrating Africa with FinTech solutions as credit and payment Infrastructure that allows mobility service providers to make overdrafts on what the FinTech service provider called miscellaneous expenses. Nonetheless, Motor Africa will leverage its partner’s penetration into the mobility landscape to distribute financial inclusion finessed with a touch of the Internet of Things (IoT).
According to other tech-savviest familiar with the partnership deal cosigned by the mobility & IOT infrastructure startup and FinTech service provider such as the CEO of Envio Logistics Inc Sylvester Chude who labels their commitment to the mobility landscape a lucrative partnership deal that drives financial inclusion in Africa.
Aside from collaborating with OnePipe’s seamless LaaS solutions Motor Africa is also keen on supporting the mobility landscape with welfare treatment for individuals and the household in line with the debuted credit infrastructure. “Commercial transportation is a crucial service for the growth of any economy, and the role of technology and innovation is essential for its success in Africa,” Chude said.
Sylvester Chude the current CEO of the mobility and IoT start-up company is also the co-founder of Envio Logistics Inc. — this portrays his enthusiasm about collaborating with the FinTech company. It’s a no-brainer OnePipe has intertwined incentives for co-signing the partnership deal which also indulges a third party, My Garage Africa for customers’ credit balance verification.
With IoT, Motor Africa will fast-track altered mobility entrepreneurship with cash overdrafts for mere vehicle owners in Nigeria and beyond the continent. Both parties of the partnership deal consent to continue autonomous business expansion afterward. This included a continental innovation scheme.
However, both start-up companies are yet to disclose a public report about the worth of their partnership deal. Yet the LaaS solutions seem to have commenced with immediate effect to innovate the mobility landscape with credit infrastructure to standardize ends and want in line with resolving significant amenities.