Allianz X, the digital investment unit of the Allianz Group, announced an investment in SafeBoda, based in Kampala, Uganda. SafeBoda is a major African ride hailing platform that also offers various on-demand consumer and payment services.
SafeBoda, winner of the 2018 AppsAfrica Award, aims to offer reliable and safe transportation to its customers and its mobile payment platform is an example of digital companies contributing to financial inclusion across Africa.
This is Allianz X’s first investment in an African-headquartered company.
For the Series B investment, Allianz X is co-investing with Go-Ventures, a venture fund whose cornerstone investor is GO-JEK. Allianz and GO-JEK are already partners in GO-JEK’s home market of Indonesia.