• Latest
  • Trending
OnePipe, Motor Africa finance Nigeria mobility entrepreneurs

OnePipe, Motor Africa finance Nigeria mobility entrepreneurs

April 15, 2023
Edtech startup The Invigilator raises $11 million to scale its AI platform

Edtech startup The Invigilator raises $11 million to scale its AI platform

September 6, 2025
iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

September 6, 2025
OpenAI challenges LinkedIn with new AI-powered hiring platform

OpenAI challenges LinkedIn with new AI-powered hiring platform

September 6, 2025
Tanzanian fintech NALA takes its services to Kenya

Tanzanian fintech NALA takes its services to Kenya

September 6, 2025
Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

September 5, 2025
Meta Brings Back Facebook Poke with Emojis and Streaks

Meta Brings Back Facebook Poke with Emojis and Streaks

September 5, 2025
Know why they’re calling: Truecaller launches AI-powered insights

Know why they’re calling: Truecaller launches AI-powered insights

September 5, 2025
Visa harnesses local partnerships to launch Visa Pay in DR Congo

Visa harnesses local partnerships to launch Visa Pay in DR Congo

September 5, 2025
Betika denies recent reports of security breach

Betika denies recent reports of security breach

September 5, 2025
10 things you can actually buy with crypto in Africa

10 things you can actually buy with crypto in Africa

September 5, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

OnePipe, Motor Africa finance Nigeria mobility entrepreneurs

Modupeoluwa Olalere by Modupeoluwa Olalere
April 15, 2023
140 10
0
OnePipe, Motor Africa finance Nigeria mobility entrepreneurs
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Cooperation between OnePipe, a financial infrastructure provider, and Motor Africa, a mobility and IOT infrastructure startup, will make an innovative combination of credit and payment services available to Nigerian mobility entrepreneurs.

The two platforms have created a lending-as-a-service (LaaS) offering to assist mobility entrepreneurs in obtaining an overdraft to pay for car repairs, authentic replacement parts, vehicle and personal insurance, cellphones, and cash for personal and family welfare assistance.

The platform generates analytical data and exchanges income data, allowing registered lenders to make informed lending decisions and keep credit repayments on track.

Read also: Vodacom, Netstar introduce in-taxi WiFi connectivity to South Africa

RelatedPosts

Backed by Tether, Shiga Digital unveils mobile apps to transform African business

Yellow Card and Circle team up to power real-time USDC payouts in Nigeria

COREangels MEA backs Africa-Middle East fintech startups with $10 million

OnePipe’s CEO statement

Sylvester Chude, co-founder and chief executive officer of Envio Logistics Inc., a participant in the mobility industry, stated that collaborating with OnePipe will facilitate automatic payout settlements to vehicle proprietors and lending partners.

“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.”

According to a report by AfDB, the commercial mobility market in Africa is valued at $150 billion and is anticipated to grow by 8.5% from 2018 to 2023.

In regards to the collaboration with Motor Africa, the CEO and founder of OnePipe claim that cooperating with Motor Africa will help overcome the difficulties faced by African mobility entrepreneurs in obtaining working capital finance.

An estimated 2,000 Vehicles have already been activated on the Motor Africa platform, a trading name of Envio Logistics Inc., and the company is now ready to give the owners of those vehicles access to credit services. These vehicle owners currently use the platform to lease their cars to verified drivers on e-hailing and local transportation services.

This service oversees car maintenance at affiliated workshops and organizes driver payments to the vehicle owner.

Proforce Nigerian-Built Armoured Vehicles Make Waves

About Motor Africa

Motor Africa, a company founded by Sylvester Chude, transforms the African mobility landscape by utilizing linked car data and vast, reliable data sources. Currently providing services in Lagos, Abuja, Ibadan, Benin, and Port Harcourt, the mobility and IOT infrastructure firm hopes to announce additional locations in the second quarter of 2023.

Mobility entrepreneurs can register their vehicles through the Motor Africa app, which is accessible on the Google Play Store and the Apple App Store, pay a N15,000 vehicle and activation fee, and instantly receive an N600,000 credit to their overdraft wallets before the vehicle is made visible to verified drivers on the mygarage platform.

The platform is also open to fleet operators who have previously leased cars to drivers providing various mobility services.

In addition, Chude emphasized that Motor Africa’s goal is to make it easier for individuals and financial institutions to contribute to supporting the shortage of cars in Africa.

The infrastructure for lending as a service uses hybrid telemetry and IOT systems. This lets lending partners make loan products with interest rates and terms for paying them back, as well as handle credit requests, automatic underwriting, cash disbursement, and collecting payments.

The intelligent payback collection service lets people with credit send payments to a special repayment wallet via bank transfer before the due date. When subscribers don’t pay back what they owe, the system will instantly turn off the engine of the vehicle that was used as collateral and send the vehicle’s geo-location to Motor Africa recovery agents.

The Motor Africa service is suggested for hosts who want to rent cars for e-hailing or local last-mile services, drivers who want to rent or buy cars for short periods of time, and financial institutions that offer drive-to-own services or loans.

Tags: Africa StartupsAfrican financeMotor AfricaOnePipe
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.