The last-mile logistics ecosystem in Ghana and Nigeria is reaching a new milestone. Yango Group, through its investment arm Yango Ventures, has officially announced its entry into Gigmile’s capital. This investment—the group’s first in Nigeria—marks a major endorsement of the fintech that is radically transforming access to professional mobility across the continent.
While the exact amount remains undisclosed, the arrival of Yango Ventures alongside investors such as ENZA Capital and Seedstars brings Gigmile’s total funding to around $21 million. For Daniil Shuleyko, CEO of Yango Group, the partnership is strategic: it aims to strengthen digital and logistics infrastructure in emerging markets by backing a player capable of solving the last-mile bottleneck.
The Gigmile model: Turning assets into a lever for inclusion
Gigmile’s uniqueness lies in its flagship brand, Gamma Mobility. Where traditional banking systems fall short due to a lack of collateral, Gigmile succeeds by offering a lease-to-own financing model specifically designed for gig-economy workers.
-
The concept: Instead of requiring a conventional credit history, Gigmile enables couriers and drivers to lease a vehicle (motorcycle, tricycle, or car) that they gradually become owners of.
-
The “Asset-as-a-Service” approach: The vehicle is no longer an unaffordable expense, but an immediate income-generating tool that pays for itself through the driver’s daily activity.
Keys to rapid success: Data and partnerships
Gigmile’s success is driven not only by financing, but by strong technological risk management and deep industrial integration:
-
Behavioral scoring: Gigmile has developed an alternative risk-assessment system. Rather than relying on payslips, the fintech analyzes real vehicle usage, trip regularity, and integrated payment flows.
-
Record-breaking operational efficiency: Thanks to smart tracking and virtual accounts, Gamma Mobility reports an exceptional 94% repayment rate and 95% vehicle utilization rate.
-
Alliances with industrial giants: By partnering with global leaders (Yamaha, TVS, Bajaj, Hero), Gigmile ensures robust vehicles, standardized maintenance, and bundled insurance—minimizing downtime for workers.
Large-scale social and geographic impact
To date, Gigmile has deployed over 10,000 vehicles across 13 cities in Nigeria and Ghana. The figures underscore the strength of the model:
-
8,500 active drivers, with 1,500 already owning their work tools.
-
$2 million in monthly income generated by workers through the platform.
-
$18 million invested directly into mobility assets.
Toward the logistics of tomorrow: Electrification and diversification
With Yango’s backing, Gigmile has no intention of slowing down. The company is already exploring electric mobility through the E-Mobility 4 Impact program, testing electric motorcycles in Lagos and Accra to reduce operating costs for couriers who travel up to 180 km per day.
The ambition is clear: to become Africa’s essential financial and logistics backbone by expanding into savings, bill payments, and targeted support for women in mobility—illustrated by its recent partnership with Nigeria’s CREDICORP.
