Yango Ventures quietly invests an unspecified amount in Kenya's BuuPass
**BuuPass Secures Strategic Investment, Paving the Way for African Mobility Revolution**
In a significant move for the African mobility sector, Kenyan-based startup BuuPass has secured an undisclosed investment from Yango Ventures, the corporate venture fund of Yango Group. This investment, part of Yango Ventures' newly launched $20 million fund, is focused on high-growth markets in sectors like B2B SaaS, fintech, and O2O platforms.
Established in 2016, BuuPass has been making waves in the intercity travel market, operating in Kenya, Uganda, Tanzania, and South Africa. The company collaborates with over 150 transport providers and processed over $70 million in bookings and sold 20 million tickets in 2024 alone.
BuuPass offers a comprehensive platform for booking intercity buses, trains, flights, and parcel services, while providing software solutions for inventory, payments, and fleet management to operators. The company's vision is to become the go-to infrastructure for intercity travel in Africa.
The investment from Yango Ventures will support BuuPass's efforts to scale its infrastructure and deepen its footprint across African markets. Sonia Kabra, co-CEO at BuuPass, stated, "We are building the infrastructure that makes modern travel work across Africa." She further added, "Yango Ventures is the kind of partner who leans in with insight, not just capital."
The partnership with Yango Ventures is expected to leverage Yango's operational insights to enhance BuuPass's offerings and expand its reach. The strategic move follows BuuPass's acquisition of Quickbus in 2024, which gave the company access to key markets and partnerships across critical travel routes, further accelerating its pan-African reach.
BuuPass aims to digitize intercity travel across Africa, with the goal of creating a seamless and efficient travel experience for users. The company's future plans include scaling its operations, enhancing its B2B2C mobility marketplace, and solidifying its position as a key player in Africa's intercity travel and logistics sector.
With this investment, BuuPass is poised for significant growth and expansion in the African mobility market, driving digital transformation in intercity travel and making modern travel accessible to millions across the continent.
[1] BuuPass: https://buupass.com/ [2] Yango Ventures: https://yango.com/blog/yango-ventures-invests-in-buupass [3] Yango Ventures' focus sectors: https://techcrunch.com/2021/06/17/yango-ventures-launches-20-million-corporate-venture-fund-to-back-african-startups/ [4] Yango Ventures' partnership with BuuPass: https://www.techcrunch.com/2024/10/01/yango-ventures-invests-in-buupass-to-fuel-africas-digital-mobility-revolution/
- The investment from Yango Ventures, focusing on sectors like fintech, will bolster BuuPass's efforts in scaling its infrastructure and deepening its footprint, paving the way for technology-driven payments and finance in African mobility.
- This strategic investment partnership between BuuPass and Yango Ventures will facilitate enhancements in BuuPass's offerings, leveraging Yango's operational insights and expanding its reach, thereby transforming intercity travel and parcel services in Africa.
- The expansion of BuuPass is anticipated to drive funding into the African mobility sector, with the aim of fostering technology-driven investments and accelerating the digitization of intercity travel, making it seamless and efficient for users across the continent.
