Overview
campaign deal type
Equity
available equity
4%
price per share
R 1,000
available shares
4566
investment term
5 years
targeted return
2.3x
targeted rate of return
24.7%
Raised
3000
Investors
2
Targeted Return
2.3x
Business valuation
R 136,574,000
The Problem
Currently, long-distance bus travelers in Africa are unable to compare the prices of bus services traveling from one city to another. This is where QuickBus comes in. QuickBus is a long-distance bus ticketing marketplace in Africa addressing the challenges people encounter when comparing and booking long-distance bus tickets.
Fraud is another significant challenge. Furthermore, bus operators experience challenges in running their ticket offices and implementing B2B tech hardware and software.
The Solution
The solutions brought by QuickBus to the Intercity bus travel industry are focused on being distribution partners offering a multi-layered service to bus operators.
QuickBus installs anti-fraud technology in bus operators’ offices, provides point-of-sale card machines, puts staff in bus operators’ offices to assist with operations and assists in the management of the bus operators’ offices.
These services enable QuickBus to rapidly onboard operators to which they have exclusive access. The services above enable QuickBus to bring bus partners into one mobile-friendly website and WhatsApp booking platform, allowing travelers to compare ticket prices and customer ratings of specific bus companies.
The Team
BA Honours Ancient History Humphrey lived in sub-Saharan Africa for more than five years and spent ten years working on launching and managing businesses in Africa. He has extensive experience managing business across multiple markets in sub-Saharan Africa. He has launched businesses in transport tech and insurance business lines on the ground in emerging markets including Kenya, Nigeria, Uganda, Tanzania, South Sudan, and Angola.
B.Tech Biochemistry Olumide is a highly skilled c-suite operations specialist who enjoys going an extra mile in achieving company goals. As a founding employee at SafeBoda Nigeria, Olumide steered SafeBoda to hitting growth targets under budget in the highly competitive Nigerian motorbike taxi market.
Raised
ZAR
3000
Investors
2
Investors
Targeted Return
2.3x
Business valuation
R 136,574,000
.svg)
